Description
Trading suspended for commercial papers of 15 companies including Godrej Housing Finance, HDFC Securities, and Aditya Birla Housing Finance due to scheduled redemption on December 1-2, 2025.
Summary
BSE has announced the suspension of trading in commercial papers of 15 companies effective December 1-2, 2025, due to scheduled redemptions. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates. The suspension affects major financial services companies, housing finance companies, and corporate issuers.
Key Points
- 15 companies’ commercial papers to be suspended from trading
- Redemption dates: December 1, 2025 (4 issuers) and December 2, 2025 (11 issuers)
- Trading members instructed not to deal in these instruments from no-dealings dates
- Notice reference: DR-767/2025-2026 and DR-768/2025-2026
- All suspensions are for redemption purposes
Companies Affected
December 1, 2025 Redemptions:
- Godrej Housing Finance Limited (INE02JD14575)
- HDFC Securities Limited (INE700G14PO6)
- Aditya Birla Housing Finance Limited (INE831R14FF5)
- Network 18 Media & Investments Limited (INE870H14VU0)
December 2, 2025 Redemptions:
- Credila Financial Services Limited (INE539K14BT9)
- Network 18 Media & Investments Limited (INE870H14VV8)
- HDFC Securities Limited (INE700G14PQ1)
- Reliance Retail Ventures Limited (INE929O14EA8)
- Tata Power Co. Ltd (INE245A14KE7)
- Nuvama Wealth and Investment Limited (INE523L14AI6)
- Bharat Heavy Electricals Ltd. (INE257A14AC7)
- Manappuram Finance Limited (INE522D14OS5)
- Himadri Speciality Chemical Ltd. (INE019C14631)
- KEC International Ltd. (INE389H14LG1)
- Lodha Developers Limited (INE670K14022)
Regulatory Changes
No new regulatory changes introduced. This is a standard administrative notification for commercial paper redemptions under existing BSE corporate actions framework.
Compliance Requirements
- Trading members must cease dealing in the specified commercial papers from the no-dealings dates
- Record dates fixed for redemption purposes: December 1 and 2, 2025
- Members must ensure their systems and trading desks are updated to prevent transactions in suspended instruments
Important Dates
- Notice Date: November 24, 2025
- Record Date (Batch 1): December 1, 2025
- No Dealings From (Batch 1): December 1, 2025
- Record Date (Batch 2): December 2, 2025
- No Dealings From (Batch 2): December 2, 2025
Impact Assessment
Market Impact: Limited and routine. Commercial paper redemptions are scheduled maturity events that occur regularly in debt markets.
Investor Impact: Holders of these commercial papers will receive redemption proceeds as per their investment terms. No unexpected disruption for investors who were aware of maturity schedules.
Trading Impact: Temporary restriction affects only the specific commercial papers listed. Does not impact equity shares or other debt securities of these issuers. Market liquidity in these specific instruments will be nil during suspension, but this is expected for maturing instruments.
Operational Impact: Trading members need to update their systems to prevent inadvertent trades in suspended instruments. Standard operational procedure for such corporate actions.
Impact Justification
Routine commercial paper redemptions affecting 15 issuers. Standard administrative action with limited broader market impact, primarily affecting specific debt instrument holders.