Description

BSE suspends trading in commercial papers of 13 companies due to upcoming redemption with record dates between December 2-8, 2025.

Summary

BSE has announced the suspension of trading in commercial papers issued by 13 companies effective from their respective record dates between December 2-8, 2025. Trading members are advised not to deal in these commercial papers from the specified dates as the companies have fixed record dates for redemption purposes.

Key Points

  • 13 commercial papers suspended for trading due to redemption
  • Record dates range from December 2, 2025 to December 8, 2025
  • Trading members instructed to cease dealings from respective record dates
  • Includes commercial papers from major financial institutions and holding companies
  • Notice issued under Corporate Actions category for Debt segment

Companies Affected

December 2, 2025

  • IGH Holdings Private Limited (IHPL-3-12-25-CP, INE02FN14630)
  • L&T Metro Rail (Hyderabad) Limited (LTMR-3-12-25-CP, INE128M14AT9)

December 3, 2025

  • IGH Holdings Private Limited (IGHHPL-04-12-25-CP, INE02FN14622)
  • Birla Group Holdings Private Limited (BGHPL-04-12-25-CP, INE09OL14HU4)

December 5, 2025

  • Birla Group Holdings Private Limited (BGHPL-08-12-25-CP, INE09OL14HV2)

December 8, 2025

  • Standard Chartered Capital Limited (SCCL-09-12-25-CP, INE403G14SY0)
  • IGH Holdings Private Limited (IHPL-9-12-25-CP, INE02FN14341)
  • Nuvama Wealth and Investment Limited (NWIL-09-12-25-CP, INE523L14AK2)
  • Bajaj Financial Securities Limited (BFSL-9-12-25-CP, INE01C314CO2)
  • HDFC Securities Limited (HDFCSL-09-12-25-CP, INE700G14PS7)
  • Aditya Birla Housing Finance Limited (ABHFL-9-12-25-CP, INE831R14FG3)
  • Bajaj Finance Limited (BFL-9-12-25-CP, INE296A14C22)
  • Sharekhan Limited (SL-9-12-25-CP, INE211H14AE5)

Compliance Requirements

  • Trading members must not execute any trades in the specified commercial papers from their respective “No Dealings From” dates
  • Trading members should update their systems to prevent inadvertent trading in suspended securities
  • Ensure clients are informed about the trading suspension and redemption schedule

Important Dates

  • December 2, 2025: Trading suspension and record date for 2 commercial papers
  • December 3, 2025: Trading suspension and record date for 2 commercial papers
  • December 5, 2025: Trading suspension and record date for 1 commercial paper
  • December 8, 2025: Trading suspension and record date for 8 commercial papers
  • Notice Date: November 27, 2025

Impact Assessment

This circular has limited market-wide impact as it pertains to routine redemption of commercial papers, a standard corporate action in the debt market. The suspension affects short-term debt instruments issued by financial institutions and holding companies. Trading members dealing in debt securities need to ensure compliance with the no-dealing restrictions. The commercial papers involved are reaching maturity and will be redeemed as per their terms, representing normal money market operations rather than any adverse development.

Impact Justification

Routine trading suspension for commercial paper redemption affecting 13 debt instruments; standard corporate action with limited broader market impact