Description
BSE suspends trading in commercial paper of 13 companies due to upcoming redemption between November 27 and December 5, 2025.
Summary
BSE has announced the suspension of trading in commercial paper (CP) issued by 13 companies effective from November 27 to December 5, 2025. The suspension is due to record dates being fixed for redemption of these commercial papers. Trading members are advised not to deal in these securities from the specified dates.
Key Points
- 13 commercial paper securities affected across multiple issuers
- Trading suspension period: November 27, 2025 to December 5, 2025
- Purpose: Redemption of commercial paper at maturity
- Record dates have been fixed by respective companies
- Trading members must not deal in these securities from the no-dealings date
Affected Securities
November 27, 2025 (Record & No Dealings Date):
- Mindspace Business Parks REIT (MBPR-28-11-25-CP, ISIN: INE0CCU14088)
- Kirloskar Ferrous Industries Ltd. (KFIL-28-11-25-CP, ISIN: INE884B14671)
December 1, 2025 (Record & No Dealings Date):
- Julius Baer Capital (India) Private Limited (JBC-2-12-25-CP, ISIN: INE824H14SH0)
December 2, 2025 (Record & No Dealings Date):
- Julius Baer Capital (India) Private Limited (JBCIPL-03-12-25-CP, ISIN: INE824H14SG2)
- Nuvama Wealth Management Limited (NWML-03-12-25-CP, ISIN: INE531F14FH2)
December 3, 2025 (Record & No Dealings Date):
- Network 18 Media & Investments Limited (NMIL-4-12-25-CP, ISIN: INE870H14VW6)
- HDFC Securities Limited (HDFCSL-04-12-25-CP, ISIN: INE700G14PP3)
- Reliance Retail Ventures Limited (RRVL-04-12-25-CP, ISIN: INE929O14EC4)
- Bajaj Finance Limited (BFL-4-12-25-CP, ISIN: INE296A14C48)
December 4, 2025 (Record & No Dealings Date):
- Fedbank Financial Services Limited (FFSL-5-12-25-CP, ISIN: INE007N14EB3)
- Vivriti Capital Limited (VCL-05-12-25-CP, ISIN: INE01HV14896)
- KEC International Ltd. (KIL-5-12-25-CP, ISIN: INE389H14LH9)
- Grasim Industries Ltd (GIL-05-12-2025-CP, ISIN: INE047A14AO7)
Compliance Requirements
- Trading members must not execute any trades in the listed commercial paper from the respective no-dealings dates
- Members must ensure compliance with the trading suspension for redemption processing
- All dealings must cease one business day before or on the record date as specified
Important Dates
- Notice Date: November 25, 2025
- First Suspension Date: November 27, 2025 (2 securities)
- Last Suspension Date: December 4, 2025 (4 securities)
- Record Dates: Range from November 27 to December 4, 2025
Impact Assessment
This circular has limited market impact as it pertains to standard operational procedures for commercial paper redemption. Debt market participants holding these specific commercial papers should note:
- Trading liquidity in these 13 CPs will be unavailable from specified dates
- Redemption will proceed as scheduled on respective maturity dates
- No impact on other debt securities or equity markets
- Routine corporate action with no broader market implications
- Investors holding these securities to maturity are unaffected
The suspension is temporary and procedural, allowing for orderly redemption of maturing commercial paper instruments.
Impact Justification
Standard operational circular affecting debt market participants holding commercial paper in 13 specific securities; temporary trading suspension for redemption process