Description

BSE suspends trading in commercial papers of 16 companies due to upcoming redemption between December 10-12, 2025.

Summary

BSE has issued a notice suspending trading in commercial papers of 16 companies effective from their respective record dates between December 10-12, 2025. The suspension is due to scheduled redemptions of commercial papers. Trading members are advised not to deal in these securities from the specified no-dealings dates.

Key Points

  • 16 companies have fixed record dates for commercial paper redemption
  • Trading suspension applies from record dates: December 10, 11, and 12, 2025
  • Notice references: DR-774/2025-2026 through DR-776/2025-2026
  • All affected securities are commercial papers in the debt segment
  • Trading members must cease dealing in these securities from specified dates

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the no-dealings dates
  • Members must ensure systems are updated to prevent trading in these securities
  • Compliance required with record date provisions for commercial paper redemptions

Important Dates

  • December 10, 2025: Record date and no-dealings date for Kotak Mahindra Investments Limited (KMI-11-12-25-CP)
  • December 11, 2025: Record date and no-dealings date for Adani Enterprises Ltd (AEL-12-12-25-CP)
  • December 12, 2025: Record date and no-dealings date for 14 companies including Motilal Oswal Financial Services, Power Finance Corporation, Nuvama Wealth, Axis Securities, Standard Chartered Securities, Vivriti Capital, HDFC Securities, Pilani Investment, Bajaj Financial Securities, Aditya Birla Lifestyle Brands, KEC International, Infina Finance, Reliance Jio Infocomm, and BOBCARD Limited

Impact Assessment

Market Impact: Limited to debt market participants holding or trading these specific commercial papers. No impact on equity markets.

Investor Impact: Investors holding these commercial papers will receive redemption proceeds as per terms. Secondary market liquidity ceases from record dates.

Operational Impact: Trading systems must be configured to block trades in 16 commercial paper ISINs from respective dates. Back-office teams need to process redemptions for applicable clients.

Segment: Debt market only, specifically commercial paper segment with routine redemption cycle.

Impact Justification

Routine commercial paper redemptions affecting multiple companies but limited to debt segment with specific record dates