Description
BSE suspends trading in commercial papers of 16 companies due to redemption with record dates between December 10-12, 2025.
Summary
BSE has issued a circular suspending trading in commercial papers of 16 companies due to upcoming redemptions. The suspensions are effective from December 10-12, 2025, corresponding to the record dates set by the respective companies. Trading members are advised not to deal in these commercial papers during the specified periods.
Key Points
- 16 commercial papers from various companies face trading suspension
- Suspensions range from December 10-12, 2025
- Action taken due to companies fixing record dates for redemption purposes
- Trading members instructed to cease dealing in these instruments from the no-dealings date
- Circular issued under notice number DR-774/2025-2026, DR-775/2025-2026, and DR-776/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard operational notice for commercial paper redemptions.
Compliance Requirements
- Trading members must not execute any trades in the specified commercial papers from the no-dealings date
- Members must ensure their systems reflect the trading suspension for the listed instruments
- Compliance applies to all 16 commercial papers identified in the notice
Important Dates
- December 10, 2025: No dealings from this date for Kotak Mahindra Investments Limited CP (Record Date: December 10, 2025)
- December 11, 2025: No dealings from this date for Adani Enterprises Ltd. CP (Record Date: December 11, 2025)
- December 12, 2025: No dealings from this date for 14 commercial papers including:
- Motilal Oswal Financial Services Limited
- Power Finance Corporation Ltd
- Nuvama Wealth and Investment Limited
- Axis Securities Limited
- Standard Chartered Securities (India) Limited
- Vivriti Capital Limited
- HDFC Securities Limited
- Pilani Investment And Industries Corporation Limited
- Bajaj Financial Securities Limited
- Aditya Birla Lifestyle Brands Limited
- KEC International Ltd.
- Infina Finance Private Limited
- Reliance Jio Infocomm Limited
- BOBCARD Limited
Impact Assessment
The suspension affects holders and traders of these 16 commercial papers who will be unable to trade these instruments during the specified no-dealings period. This is a routine corporate action with limited broader market impact. Investors holding these instruments should note the redemption schedule. The concentration of 14 redemptions on December 12, 2025 indicates a common maturity cycle but does not signal systemic concerns.
Impact Justification
Routine suspension affecting 16 commercial papers for redemption purposes; impacts debt market participants and holders of these instruments during the specified no-dealings period.