Description

BSE suspends trading in commercial papers of 10 companies from November 28 to December 5, 2025, due to scheduled redemptions.

Summary

BSE has issued a trading suspension notice for commercial papers of 10 companies that have fixed record dates for redemption purposes. Trading members are advised not to deal in these securities starting from their respective “No Dealings From” dates, which range from November 28, 2025, to December 5, 2025.

Key Points

  • 10 commercial papers will have trading suspended for redemption purposes
  • Suspensions begin between November 28 and December 5, 2025
  • Record dates set between November 28 and December 7, 2025
  • Trading members must cease dealing in these securities from specified dates
  • Notice reference: DR-766/2025-2026 and DR-771/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the listed commercial papers from their respective “No Dealings From” dates
  • Members must ensure compliance with the suspension dates to avoid trading violations
  • All transactions must cease in accordance with the specified timeline for each security

Important Dates

November 28, 2025:

  • Kotak Mahindra Investments Limited (KMIL-1-12-25-CP, INE975F14C58): Record date and no dealings from date

December 5, 2025:

  • Nuvama Wealth Management Limited (NWML-08-12-25-CP, INE531F14EX2): Record date and no dealings from date
  • Axis Securities Limited (ASL-8-12-25-CP, INE110O14FX4): Record date and no dealings from date
  • SBI Cards and Payment Services Limited (SBICPSL-8-12-25-CP, INE018E14PP5): Record date and no dealings from date
  • Mirae Asset Financial Services India Pvt Ltd (MAFSPL-8-12-25-CP, INE0JRU14263): Record date and no dealings from date
  • Reliance Retail Ventures Limited (RRVL-8-12-25-CP, INE929O14EB6): Record date and no dealings from date
  • Tata Steel Limited (TSL-8-12-25-CP, INE081A14GD6): Record date and no dealings from date
  • Navi Finserv Limited (NFL-8-12-25-CP, INE342T14ED7): No dealings from date (record date December 7)
  • Reliance Jio Infocomm Limited (RJIL-8-12-25-CP, INE110L14UH2): Record date and no dealings from date
  • Fedbank Financial Services Limited (FFSL-08-12-25-CP, INE007N14EF4): No dealings from date (record date December 7)

Impact Assessment

Market Impact: Medium - affects liquidity in 10 commercial paper instruments across diverse sectors including financial services, retail, steel, and telecom.

Operational Impact: Low to medium - routine redemption process requiring trading desk compliance with suspension dates.

Investor Impact: Medium - holders of these commercial papers will receive redemption proceeds as per schedule. No secondary market trading possible during suspension period.

Sectoral Distribution: Primarily impacts financial services (NBFC, broking, cards), with additional exposure to retail, steel, and telecom sectors through Reliance entities and Tata Steel.

Impact Justification

Routine trading suspension affecting 10 commercial papers for redemption purposes. Standard corporate action with defined timelines, limited to debt segment.