Description
Trading suspended for commercial paper of 16 companies due to redemption between December 5-10, 2025. Trading members advised not to deal in the specified securities.
Summary
BSE has suspended trading in commercial paper of 16 companies effective from their respective record dates set for redemption purposes. The suspension dates range from December 5 to December 10, 2025. Trading members are explicitly advised not to deal in these commercial papers from the specified dates.
Key Points
- 16 companies have fixed record dates for commercial paper redemption
- Trading suspension effective from respective record dates
- Earliest suspension: December 5, 2025 (2 issuers)
- Latest suspension: December 10, 2025 (14 issuers)
- Trading members prohibited from dealing in listed commercial papers
- Notice issued under Corporate Actions category for Debt segment
Regulatory Changes
No regulatory changes introduced. This is a standard operational circular enforcing existing trading suspension protocols for securities approaching redemption.
Compliance Requirements
- Trading Members: Must not execute trades in the specified commercial papers from their respective “No Dealings From” dates
- Market Participants: Should note the ISIN codes and scrip codes of affected commercial papers to avoid transaction attempts
- Brokers: Must update their trading systems to block orders for these securities
Important Dates
| Company | Record Date | No Dealings From |
|---|---|---|
| Standard Chartered Securities (India) Limited | 05/12/2025 | 05/12/2025 |
| Tata Housing Development Company Limited | 05/12/2025 | 05/12/2025 |
| Tata Realty and Infrastructure Limited | 09/12/2025 | 09/12/2025 |
| Network 18 Media & Investments Limited | 10/12/2025 | 10/12/2025 |
| Pilani Investment And Industries Corporation Limited | 10/12/2025 | 10/12/2025 |
| Bajaj Financial Securities Limited | 10/12/2025 | 10/12/2025 |
| J.K. Cement Ltd | 10/12/2025 | 10/12/2025 |
| Mirae Asset Capital Markets (India) Private Limited | 10/12/2025 | 10/12/2025 |
| Nuvama Wealth Finance Limited | 10/12/2025 | 10/12/2025 |
| Godrej Finance Limited | 10/12/2025 | 10/12/2025 |
| HDFC Securities Limited | 10/12/2025 | 10/12/2025 |
| Reliance Retail Ventures Limited | 10/12/2025 | 10/12/2025 |
| 360 ONE WAM Limited | 10/12/2025 | 10/12/2025 |
| Grasim Industries Ltd | 10/12/2025 | 10/12/2025 |
| Tata Steel Limited | 10/12/2025 | 10/12/2025 |
| Titan Company Limited | 10/12/2025 | 10/12/2025 |
Impact Assessment
Market Impact: Limited to debt market participants holding or trading these specific commercial papers. No equity market impact.
Operational Impact: Trading platforms and broker systems must implement blocks on these 16 ISINs to prevent inadvertent trading during the suspension period.
Investor Impact: Holders of these commercial papers will receive redemption proceeds as per the terms. No secondary market liquidity available from the suspension dates until redemption completion.
Sector Coverage: Diverse sectors affected including financial services, real estate, media, cement, steel, retail, and manufacturing, indicating broad commercial paper issuance activity across industries.
Impact Justification
Routine trading suspension for commercial paper redemption affecting 16 debt instruments. Standard operational circular with limited market-wide impact, primarily affecting debt market participants holding these specific commercial papers.