Description
BSE suspends trading in commercial papers of 10 companies including Kotak Mahindra Investments, Nuvama Wealth Management, and others due to upcoming redemption record dates.
Summary
BSE has issued a notice suspending trading in commercial papers of 10 companies effective from November 28, 2025 and December 5, 2025. The suspension is due to companies fixing record dates for redemption of commercial papers. Trading members are advised not to deal in these securities from the specified dates.
Key Points
- 10 commercial papers affected by trading suspension
- First suspension effective November 28, 2025 (1 security)
- Nine suspensions effective December 5, 2025
- Record dates range from November 28 to December 7, 2025
- All suspensions are for redemption purposes
- Notice applies to debt segment trading members
Affected Securities
November 28, 2025 Suspension
- Kotak Mahindra Investments Limited (ISIN: INE975F14C58) - Record Date: November 28, 2025
December 5, 2025 Suspension
- Nuvama Wealth Management Limited (ISIN: INE531F14EX2) - Record Date: December 5, 2025
- Axis Securities Limited (ISIN: INE110O14FX4) - Record Date: December 5, 2025
- SBI Cards and Payment Services Limited (ISIN: INE018E14PP5) - Record Date: December 5, 2025
- Mirae Asset Financial Services (India) Private Limited (ISIN: INE0JRU14263) - Record Date: December 5, 2025
- Reliance Retail Ventures Limited (ISIN: INE929O14EB6) - Record Date: December 5, 2025
- Tata Steel Limited (ISIN: INE081A14GD6) - Record Date: December 5, 2025
- Navi Finserv Limited (ISIN: INE342T14ED7) - Record Date: December 7, 2025
- Reliance Jio Infocomm Limited (ISIN: INE110L14UH2) - Record Date: December 5, 2025
- Fedbank Financial Services Limited (ISIN: INE007N14EF4) - Record Date: December 7, 2025
Compliance Requirements
- Trading members must not deal in the listed commercial papers from the specified “No Dealings” dates
- Members should update their systems to prevent trading in these securities
- Ensure clients are informed about the trading suspension
Important Dates
- November 26, 2025: Notice date
- November 28, 2025: First suspension and record date (Kotak Mahindra)
- December 5, 2025: Trading suspension for 9 securities; record date for 7 securities
- December 7, 2025: Record date for Navi Finserv and Fedbank Financial Services
Impact Assessment
This is a routine administrative action affecting commercial paper holders and traders in the debt market. The suspension ensures orderly redemption process and prevents trading in securities close to maturity. Impact is limited to investors holding or planning to trade these specific commercial papers. The suspension is temporary and related to normal redemption cycles of short-term debt instruments.
Impact Justification
Routine suspension affecting 10 commercial papers for redemption purposes. Limited to specific debt instruments with temporary trading restriction.