Description
Trading suspension announced for commercial papers of 13 companies due to redemption record dates between November 27 and December 4, 2025.
Summary
BSE has announced the suspension of trading in commercial papers of 13 companies due to record dates fixed for redemption purposes. Trading members are advised not to deal in these commercial papers starting from their respective no-dealings dates, which range from November 27 to December 4, 2025. This is a routine corporate action procedure for debt instruments approaching maturity.
Key Points
- 13 companies have fixed record dates for commercial paper redemption
- Trading suspension periods begin between November 27 and December 4, 2025
- All affected securities are in the debt segment
- Trading members must not deal in these commercial papers from the specified no-dealings dates
- Notice issued by Assistant Vice President – Listing Compliance and Operations
Affected Securities
| Company | ISIN Code | Record Date | No Dealings From |
|---|---|---|---|
| Mindspace Business Parks REIT | INE0CCU14088 | 27/11/2025 | 27/11/2025 |
| Kirloskar Ferrous Industries Ltd. | INE884B14671 | 27/11/2025 | 27/11/2025 |
| Julius Baer Capital (India) Private Limited | INE824H14SH0 | 01/12/2025 | 01/12/2025 |
| Julius Baer Capital (India) Private Limited | INE824H14SG2 | 02/12/2025 | 02/12/2025 |
| Nuvama Wealth Management Limited | INE531F14FH2 | 02/12/2025 | 02/12/2025 |
| Network 18 Media & Investments Limited | INE870H14VW6 | 03/12/2025 | 03/12/2025 |
| HDFC Securities Limited | INE700G14PP3 | 03/12/2025 | 03/12/2025 |
| Reliance Retail Ventures Limited | INE929O14EC4 | 03/12/2025 | 03/12/2025 |
| Bajaj Finance Limited | INE296A14C48 | 03/12/2025 | 03/12/2025 |
| Fedbank Financial Services Limited | INE007N14EB3 | 04/12/2025 | 04/12/2025 |
| VIVRITI CAPITAL LIMITED | INE01HV14896 | 04/12/2025 | 04/12/2025 |
| KEC International Ltd. | INE389H14LH9 | 04/12/2025 | 04/12/2025 |
| Grasim Industries Ltd | INE047A14AO7 | 04/12/2025 | 04/12/2025 |
Compliance Requirements
- Trading members must not execute any deals in the specified commercial papers from their respective no-dealings dates
- Members should update their systems to reflect the trading suspension for these ISINs
- Adherence to record date procedures for redemption processing
Important Dates
- November 27, 2025: Trading suspension begins for Mindspace Business Parks REIT and Kirloskar Ferrous Industries commercial papers
- December 1, 2025: Trading suspension begins for Julius Baer Capital CP (INE824H14SH0)
- December 2, 2025: Trading suspension begins for Julius Baer Capital CP (INE824H14SG2) and Nuvama Wealth Management commercial papers
- December 3, 2025: Trading suspension begins for Network 18, HDFC Securities, Reliance Retail Ventures, and Bajaj Finance commercial papers
- December 4, 2025: Trading suspension begins for Fedbank Financial, Vivriti Capital, KEC International, and Grasim Industries commercial papers
Impact Assessment
This circular has limited operational impact as it affects only the debt market segment and represents routine corporate actions for maturing commercial papers. Trading members dealing in debt instruments need to update their restricted securities lists. The suspensions are temporary and align with standard redemption procedures. No impact on equity trading or broader market operations. Investors holding these commercial papers should expect normal redemption processing as per the terms of their instruments.
Impact Justification
Routine trading suspension for commercial paper redemptions affecting 13 companies. Standard corporate action with defined dates and limited market impact restricted to debt segment.