Description

BSE announces suspension of trading in commercial paper for 13 companies due to upcoming redemption, with record dates between December 2-8, 2025.

Summary

BSE has announced the suspension of trading in commercial paper for 13 companies that have fixed record dates for redemption purposes. Trading members are advised not to deal in these commercial papers from the specified dates. The suspensions cover the period from December 2, 2025 to December 8, 2025.

Key Points

  • 13 companies have fixed record dates for commercial paper redemption
  • Trading suspension applies to debt segment
  • Suspensions range from December 2-8, 2025
  • Trading members must cease dealing in these instruments from the no-dealings dates
  • Notice issued by Assistant Vice President – Listing Compliance and Operations

Affected Commercial Papers

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 deal in the specified commercial papers from the no-dealings dates
  • All suspensions are effective from the respective record dates
  • Trading members should update their systems to prevent transactions in these instruments

Important Dates

  • Notice Date: November 27, 2025
  • First Suspension Date: December 2, 2025
  • Last Suspension Date: December 8, 2025
  • Record Dates: December 2, 3, 5, and 8, 2025

Impact Assessment

This is a routine administrative action affecting the debt market segment. The suspension is temporary and directly related to the redemption process of commercial paper instruments. Impact is limited to traders and investors holding or dealing in these specific commercial papers. The suspensions ensure orderly redemption and settlement processes for the maturing instruments.

Impact Justification

Routine suspension of commercial paper trading ahead of redemption affecting 13 issuers. Standard procedure with limited market-wide impact, primarily affects debt traders dealing with these specific instruments.