Description

BSE suspends trading in commercial paper of 17 companies due to upcoming redemption with record dates between December 3-9, 2025.

Summary

BSE has issued Notice No. 20251201-56 suspending trading in commercial paper of 17 companies due to upcoming redemptions. The suspensions are effective from the respective record dates, which range from December 3 to December 9, 2025. Trading members are advised not to deal in the specified commercial paper instruments during the suspension period.

Key Points

  • 17 companies have fixed record dates for commercial paper redemption
  • Trading suspension periods: December 3, 2025 to December 9, 2025 (various dates)
  • Notice applies to debt segment corporate actions
  • Trading members instructed to cease dealing in affected commercial paper
  • Each company has specific ISIN codes and scrip codes listed

Companies Affected

December 3, 2025:

  • Muthoot Housing Finance Company Limited (INE882Z14013)

December 8, 2025:

  • Titan Company Limited (INE280A14484)

December 9, 2025:

  • Standard Chartered Capital Limited (INE403G14SZ7)
  • Aditya Birla Housing Finance Limited (INE831R14FB4)
  • Infina Finance Private Limited (INE879F14LA8)
  • Capri Global Capital Limited (INE180C14599)
  • Julius Baer Capital (India) Private Limited (INE824H14SI8)
  • IGH Holdings Private Limited (INE02FN14648)
  • Network 18 Media & Investments Limited (INE870H14VX4)
  • 360 ONE WAM Limited (INE466L14EV3)
  • Birla Group Holdings Private Limited (INE09OL14HW0)
  • Bajaj Financial Securities Limited (INE01C314CQ7)
  • Navi Finserv Limited (INE342T14EE5)
  • Tata Power Co. Ltd (INE245A14KF4)
  • 360 ONE Prime Limited (INE248U14SH5)
  • Bajaj Finance Limited (INE296A14C30)
  • HDFC Securities Limited (INE700G14PV1)

Regulatory Changes

No regulatory changes. This is a routine operational notice for scheduled commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial paper from the respective record dates
  • Members must ensure proper settlement of existing positions before suspension dates
  • Adherence to the no-dealings directive is mandatory for all affected securities

Important Dates

  • Notice Date: December 1, 2025
  • First Suspension Date: December 3, 2025 (Muthoot Housing Finance)
  • Second Suspension Date: December 8, 2025 (Titan Company)
  • Third Suspension Date: December 9, 2025 (15 companies)
  • Record Dates: Align with respective suspension dates for redemption purposes

Impact Assessment

Market Impact: Limited and localized to debt market participants holding these specific commercial paper instruments. The staggered redemption dates help minimize concentrated market impact.

Operational Impact: Trading members must update their systems to block trading in 17 commercial paper securities across three different dates. Firms holding these instruments need to prepare for redemption settlements.

Liquidity Impact: Temporary reduction in tradable commercial paper universe, though this is expected and planned by market participants given the scheduled nature of redemptions.

Investor Impact: Holders of these commercial papers will receive redemption proceeds on the respective record dates. No action required from investors as redemptions are automatic.

Impact Justification

Routine commercial paper redemptions affecting 17 companies. Standard market operations with defined record dates and suspension periods. Limited broader market impact as these are scheduled redemptions.