Description

BSE suspends trading in commercial paper of 13 companies including Mindspace Business Parks REIT, Bajaj Finance, and HDFC Securities due to redemption record dates between November 27 and December 4, 2025.

Summary

BSE has announced the suspension of trading in commercial paper of 13 companies effective from November 27 to December 4, 2025. The suspensions are due to companies fixing record dates for redemption of their commercial paper instruments. Trading members are advised not to deal in these securities from their respective no-dealings dates.

Key Points

  • 13 commercial paper instruments will face trading suspension
  • Suspensions are for redemption purposes
  • No dealings period ranges from November 27 to December 4, 2025
  • Multiple instruments from Julius Baer Capital (India) Private Limited included
  • Major companies affected include Bajaj Finance, HDFC Securities, Reliance Retail Ventures, and Grasim Industries
  • Each security has specific ISIN codes and BSE codes assigned

Commercial Papers Affected

November 27, 2025 (No Dealings From)

  • Mindspace Business Parks REIT (MBPR-28-11-25-CP, INE0CCU14088, Code: 729719)
  • Kirloskar Ferrous Industries Ltd. (KFIL-28-11-25-CP, INE884B14671, Code: 730125)

December 1, 2025 (No Dealings From)

  • Julius Baer Capital (India) Private Limited (JBC-2-12-25-CP, INE824H14SH0, Code: 730129)

December 2, 2025 (No Dealings From)

  • Julius Baer Capital (India) Private Limited (JBCIPL-03-12-25-CP, INE824H14SG2, Code: 730141)
  • Nuvama Wealth Management Limited (NWML-03-12-25-CP, INE531F14FH2, Code: 730148)

December 3, 2025 (No Dealings From)

  • Network 18 Media & Investments Limited (NMIL-4-12-25-CP, INE870H14VW6, Code: 730145)
  • HDFC Securities Limited (HDFCSL-04-12-25-CP, INE700G14PP3, Code: 730152)
  • Reliance Retail Ventures Limited (RRVL-04-12-25-CP, INE929O14EC4, Code: 730153)
  • Bajaj Finance Limited (BFL-4-12-25-CP, INE296A14C48, Code: 730155)

December 4, 2025 (No Dealings From)

  • Fedbank Financial Services Limited (FFSL-5-12-25-CP, INE007N14EB3, Code: 729736)
  • VIVRITI CAPITAL LIMITED (VCL-05-12-25-CP, INE01HV14896, Code: 729993)
  • KEC International Ltd. (KIL-5-12-25-CP, INE389H14LH9, Code: 730165)
  • Grasim Industries Ltd (GIL-05-12-2025-CP, INE047A14AO7, Code: 730391)

Compliance Requirements

  • Trading members must not deal in the specified commercial paper from the respective no-dealings dates
  • All transactions must cease before the record dates fixed by the companies
  • Trading members should update their systems to reflect the trading suspension for these securities

Important Dates

  • November 27, 2025: Record date and no dealings start for 2 securities
  • December 1, 2025: Record date and no dealings start for 1 security
  • December 2, 2025: Record date and no dealings start for 2 securities
  • December 3, 2025: Record date and no dealings start for 4 securities
  • December 4, 2025: Record date and no dealings start for 4 securities

Impact Assessment

This is a routine corporate action affecting the debt market segment. The impact is limited to holders and traders of these specific commercial paper instruments. The staggered redemption dates over an 8-day period indicate normal business operations. Market participants holding these securities will receive redemption proceeds on their respective record dates. No broader market disruption is expected as this is standard practice for maturing commercial paper instruments.

Impact Justification

Routine commercial paper redemptions affecting 13 securities with scheduled trading suspensions. Standard corporate action affecting debt market participants only.