Description

BSE suspends trading in commercial paper of 16 companies from December 5-10, 2025 due to record dates fixed for redemption purposes.

Summary

BSE has suspended trading in commercial paper of 16 companies effective December 5-10, 2025. The suspension is due to record dates fixed for redemption of commercial papers. Trading members are advised not to deal in the specified commercial papers from the respective no-dealing dates.

Key Points

  • 16 companies have fixed record dates for commercial paper redemption
  • Trading suspension ranges from December 5 to December 10, 2025
  • Notice issued under Corporate Actions category for Debt segment
  • Trading members must not deal in these commercial papers from specified dates
  • Companies span multiple sectors including financial services, real estate, cement, steel, and retail

Regulatory Changes

No regulatory changes introduced. This is a routine corporate action notification for commercial paper redemptions.

Compliance Requirements

  • Trading members must not execute trades in the listed commercial papers from the specified no-dealing dates
  • Members must ensure their systems and operations reflect the trading suspension for affected securities
  • Compliance with record date requirements for redemption purposes

Important Dates

December 5, 2025:

  • Standard Chartered Securities (India) Limited (INE472H14615) - No dealings from Dec 5
  • Tata Housing Development Company Limited (INE582L14IV8) - No dealings from Dec 5

December 9, 2025:

  • Tata Realty and Infrastructure Limited (INE371K14CZ2) - No dealings from Dec 9

December 10, 2025 (Multiple Companies):

  • Network 18 Media & Investments Limited (INE870H14VZ9)
  • Pilani Investment And Industries Corporation Limited (INE417C14AC3)
  • Bajaj Financial Securities Limited (INE01C314CP9)
  • J.K. Cement Ltd (INE823G14AW1)
  • Mirae Asset Capital Markets (India) Private Limited (INE0T2V14079)
  • Nuvama Wealth Finance Limited (INE918K14CQ9)
  • Godrej Finance Limited (INE02KN14614)
  • HDFC Securities Limited (INE700G14PX7)
  • Reliance Retail Ventures Limited (INE929O14ED2)
  • 360 ONE WAM Limited (INE466L14EW1)
  • Grasim Industries Ltd (INE047A14AM1)
  • Tata Steel Limited (INE081A14GE4)
  • Titan Company Limited (INE280A14492)

Impact Assessment

Market Impact: Medium - affects liquidity in commercial paper market for select issuers during redemption period. Short-term impact only.

Operational Impact: Trading desks dealing in debt instruments must update their systems to prevent trades in suspended commercial papers. Investors holding these instruments should note the redemption schedule.

Sectoral Spread: Diverse impact across financial services (NBFC, securities firms), manufacturing (cement, steel), consumer goods (retail, jewelry), real estate, and media sectors.

Duration: Limited 5-6 day suspension period per security, indicating routine maturity-based redemptions rather than distress situations.

Impact Justification

Affects commercial paper trading for 16 major companies across multiple sectors. Routine redemption process with clear no-dealing dates. Limited duration impact (5-6 days) on debt market participants.