Description
BSE announces suspension of trading in commercial papers of 13 companies effective November 27-28, 2025 due to upcoming redemptions.
Summary
BSE has issued a notice suspending trading in commercial papers of 13 companies due to upcoming redemptions. Trading members are advised not to deal in the specified commercial papers from November 27-28, 2025, as the companies have fixed record dates for redemption purposes.
Key Points
- 13 companies’ commercial papers will be suspended from trading
- Suspensions effective from November 27, 2025 (12 companies) and November 28, 2025 (1 company)
- All suspensions are for redemption of commercial papers
- Trading members must not deal in these instruments from the specified dates
- Notice number: 20251121-7, Reference: DR-765/2025-2026 and DR-766/2025-2026
Affected Issuers
Suspension from November 27, 2025:
- Credila Financial Services Limited (ISIN: INE539K14BS1, Code: 728323)
- Standard Chartered Capital Limited (ISIN: INE403G14SV6, Code: 728325)
- Julius Baer Capital (India) Private Limited (ISIN: INE824H14QU7, Code: 728328)
- Infina Finance Private Limited (ISIN: INE879F14KA0, Code: 728381)
- Nuvama Wealth and Investment Limited (ISIN: INE523L14864, Code: 728412)
- IndoStar Capital Finance Limited (ISIN: INE896L14EU3, Code: 729318)
- Adani Enterprises Ltd. (ISIN: INE423A14XN4, Code: 729506)
- Tata Steel Limited (ISIN: INE081A14GC8, Code: 730126)
- KEC International Ltd. (ISIN: INE389H14LF3, Code: 730133)
- Larsen & Toubro Limited (ISIN: INE018A14LQ0, Code: 730247)
- DSP Finance Private Limited (ISIN: INE422H14073, Code: 730338)
- BOBCARD Limited (ISIN: INE027214894, Code: 730464)
Suspension from November 28, 2025:
- CaratLane Trading Private Limited (ISIN: INE015Y14633, Code: 730130) - Record date: November 28, 2025
Compliance Requirements
- Trading members must cease dealing in the specified commercial papers from the no-dealings date
- Members should update their systems to prevent inadvertent trading in suspended instruments
- Ensure client communications regarding the suspension of these securities
Important Dates
- Notice Date: November 21, 2025
- Record Date (12 companies): November 27, 2025
- No Dealings From (12 companies): November 27, 2025
- Record Date (CaratLane): November 28, 2025
- No Dealings From (CaratLane): November 28, 2025
Impact Assessment
This is a routine operational notice with limited market impact. The suspension is temporary and tied to scheduled redemptions of commercial papers. Investors holding these instruments will receive redemption proceeds as per the terms. No broader market disruption is anticipated as this is standard procedure for maturing debt instruments. The notice affects the debt segment only and includes major corporate issuers across financial services, infrastructure, and manufacturing sectors.
Impact Justification
Routine trading suspension for commercial paper redemption affecting 13 issuers. Standard operational notice with limited market-wide impact.