Description
BSE suspends trading in commercial papers of 10 companies due to upcoming redemption dates between November 28, 2025 and December 7, 2025.
Summary
BSE has suspended trading in commercial papers of 10 companies effective from their respective record dates. The suspension is due to scheduled redemptions of commercial paper, with record dates ranging from November 28, 2025 to December 7, 2025. Trading members are advised not to deal in these commercial papers from the specified dates.
Key Points
- 10 companies have commercial papers scheduled for redemption
- Trading suspension aligns with record dates for redemption
- Notice number: 20251126-5 issued under Corporate Actions - Debt segment
- Trading members must cease dealing from specified dates
- All suspensions relate to commercial paper redemption purposes
Regulatory Changes
No regulatory changes. This is a standard operational notice for scheduled commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the “No Dealings From” dates
- Market participants must observe the trading suspension for affected securities
- Compliance with record date requirements for redemption processing
Important Dates
November 28, 2025:
- Kotak Mahindra Investments Limited (INE975F14C58) - Record Date and No Dealings From date
December 5, 2025:
- Nuvama Wealth Management Limited (INE531F14EX2) - Record Date and No Dealings From date
- Axis Securities Limited (INE110O14FX4) - Record Date and No Dealings From date
- SBI Cards and Payment Services Limited (INE018E14PP5) - Record Date and No Dealings From date
- Mirae Asset Financial Services (India) Private Limited (INE0JRU14263) - Record Date and No Dealings From date
- Reliance Retail Ventures Limited (INE929O14EB6) - Record Date and No Dealings From date
- Tata Steel Limited (INE081A14GD6) - Record Date and No Dealings From date
- Navi Finserv Limited (INE342T14ED7) - No Dealings From date (Record Date: Dec 7)
- Reliance Jio Infocomm Limited (INE110L14UH2) - Record Date and No Dealings From date
- Fedbank Financial Services Limited (INE007N14EF4) - No Dealings From date (Record Date: Dec 7)
December 7, 2025:
- Navi Finserv Limited - Record Date
- Fedbank Financial Services Limited - Record Date
Impact Assessment
Market Impact: Medium - affects debt market participants holding or trading these commercial papers. The suspension is temporary and limited to specific securities undergoing scheduled redemption.
Operational Impact: Investors and trading members holding these commercial papers will need to process redemptions according to the scheduled dates. No new trading positions can be established from the suspension dates.
Sectoral Coverage: Diverse - includes financial services (Kotak Mahindra, Nuvama, Axis Securities, SBI Cards, Mirae Asset, Navi Finserv, Fedbank), retail (Reliance Retail), telecom (Reliance Jio), and manufacturing (Tata Steel) sectors.
Impact Justification
Routine suspension affecting debt market participants holding commercial paper; impacts 10 companies with redemptions scheduled