Description

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

Summary

BSE has issued a notice suspending trading in commercial papers of 17 companies effective from their respective record dates. The suspension is due to scheduled redemptions of commercial papers with record dates ranging from December 3, 2025 to December 9, 2025. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates.

Key Points

  • 17 companies’ commercial papers suspended for redemption purposes
  • Record dates range from December 3, 2025 to December 9, 2025
  • Majority of suspensions (14 companies) effective from December 9, 2025
  • Notice applies to debt segment trading members
  • Each company has specific ISIN codes and security codes listed

Affected Companies and Dates

December 3, 2025:

  • Muthoot Housing Finance Company Limited (ISIN: INE882Z14013)

December 8, 2025:

  • Titan Company Limited (ISIN: INE280A14484)

December 9, 2025:

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

Regulatory Changes

No regulatory framework 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 respective no-dealings dates
  • Brokers and market participants must update their trading systems to reflect the suspension
  • Investors holding these commercial papers should note the redemption schedules

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 (14 companies)

Impact Assessment

The impact is moderate and limited to the debt market segment. The suspension affects commercial paper trading for 17 diverse companies spanning financial services, housing finance, media, power, and other sectors. Since these are scheduled redemptions, the market impact is expected and manageable. Investors in these instruments will receive redemption proceeds as per the terms of their investments. The concentration of 14 redemptions on December 9, 2025 indicates a clustering of maturity dates but represents normal market activity rather than systemic concerns.

Impact Justification

Affects trading in commercial papers of 17 companies across various sectors, but limited to specific debt instruments with scheduled redemptions