Description

Trading suspended for 15 commercial paper instruments from various companies due to redemption record dates on December 1-2, 2025.

Summary

BSE has suspended trading in 15 commercial paper instruments issued by various companies due to redemption record dates fixed for December 1-2, 2025. Trading members are advised not to deal in these commercial papers from the respective ‘No Dealings From’ dates. The suspension affects debt instruments from financial services companies, media firms, power companies, and industrial entities.

Key Points

  • 15 commercial paper instruments suspended from trading
  • Record dates: December 1, 2025 (4 instruments) and December 2, 2025 (11 instruments)
  • Purpose: Redemption of commercial paper at maturity
  • Trading suspension effective from respective record dates
  • Issuers include Godrej Housing Finance, HDFC Securities, Aditya Birla Housing Finance, Network 18, Credila Financial Services, Reliance Retail Ventures, Tata Power, Nuvama Wealth, BHEL, Manappuram Finance, Himadri Speciality Chemical, KEC International, and Lodha Developers

Regulatory Changes

No regulatory changes. This is a standard operational notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the listed commercial paper instruments from the specified ‘No Dealings From’ dates
  • Trading members must ensure compliance with suspension orders for the affected ISIN codes
  • Members should update their trading systems to reflect the suspension status

Important Dates

  • Notice Date: November 24, 2025
  • Record Date (Batch 1): December 1, 2025
    • Godrej Housing Finance (INE02JD14575)
    • HDFC Securities (INE700G14PO6)
    • Aditya Birla Housing Finance (INE831R14FF5)
    • Network 18 Media (INE870H14VU0)
  • Record Date (Batch 2): December 2, 2025
    • Credila Financial Services (INE539K14BT9)
    • Network 18 Media (INE870H14VV8)
    • HDFC Securities (INE700G14PQ1)
    • Reliance Retail Ventures (INE929O14EA8)
    • Tata Power (INE245A14KE7)
    • Nuvama Wealth (INE523L14AI6)
    • BHEL (INE257A14AC7)
    • Manappuram Finance (INE522D14OS5)
    • Himadri Speciality Chemical (INE019C14631)
    • KEC International (INE389H14LG1)
    • Lodha Developers (INE670K14022)
  • Trading Suspension Effective: From respective record dates

Impact Assessment

Market Impact: Limited to debt market participants holding or trading these specific commercial paper instruments. No impact on equity markets or broader debt trading.

Operational Impact: Trading members must ensure systems are updated to prevent inadvertent trading in suspended instruments. Investors holding these commercial papers will receive redemption proceeds as per the terms of issuance.

Issuer Impact: Routine debt servicing activity. Companies are fulfilling their obligation to redeem maturing commercial paper. This is a normal treasury operation with no credit implications.

Impact Justification

Routine suspension of trading for commercial paper redemptions affecting multiple issuers. Standard corporate action with no broader market implications beyond specific debt instruments.