Description

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

Summary

BSE has announced the suspension of trading in commercial paper of 16 companies effective from December 10-12, 2025. The suspension is due to record dates fixed for redemption purposes. Trading members are advised not to deal in these commercial papers from the specified dates.

Key Points

  • 16 commercial paper instruments will be suspended from trading
  • Suspensions range from December 10 to December 12, 2025
  • Action taken due to record dates fixed for redemption of commercial paper
  • Notice number: 20251209-5 issued on December 9, 2025
  • All affected instruments are in the debt segment

Compliance Requirements

  • Trading members must cease dealing in the specified commercial papers from the respective “No Dealings From” dates
  • Members should ensure no transactions are executed in these securities post-suspension dates
  • Compliance with record date requirements for redemption purposes

Important Dates

December 10, 2025:

  • Kotak Mahindra Investments Limited (KMI-11-12-25-CP, INE975F14C66) - Record date and suspension date

December 11, 2025:

  • Adani Enterprises Ltd. (AEL-12-12-25-CP, INE423A14YB7) - Record date and suspension date

December 12, 2025 (14 securities):

  • Motilal Oswal Financial Services Limited (INE338I14JD7)
  • Power Finance Corporation Ltd (INE134E14AT4)
  • Nuvama Wealth and Investment Limited (INE523L14989)
  • Axis Securities Limited (INE110O14FV8)
  • Standard Chartered Securities (India) Limited (INE472H14649)
  • Vivriti Capital Limited (INE01HV14813)
  • HDFC Securities Limited (INE700G14PW9)
  • Pilani Investment And Industries Corporation Limited (INE417C14AE9)
  • Bajaj Financial Securities Limited (INE01C314CS3)
  • Aditya Birla Lifestyle Brands Limited (INE14LE14020)
  • KEC International Ltd. (INE389H14LI7)
  • Infina Finance Private Limited (INE879F14LQ4)
  • Reliance Jio Infocomm Limited (INE110L14UG4)
  • BOBCARD Limited (INE027214902)

Impact Assessment

Market Impact: Limited impact confined to debt market participants holding these specific commercial paper instruments. Does not affect equity trading or broader market operations.

Investor Impact: Holders of these commercial papers should prepare for redemption. Trading suspension prevents secondary market transactions during the redemption process.

Operational Impact: Standard corporate action requiring trading systems to block these securities. Redemption reference numbers DR-774, DR-775, and DR-776 for 2025-2026 assigned for processing.

Sectoral Distribution: Affected companies span financial services (securities, investment firms), infrastructure (power finance), telecom, manufacturing, and retail sectors, indicating normal market activity across multiple industries.

Impact Justification

Routine suspension affecting 16 commercial paper instruments ahead of scheduled redemptions. Standard corporate action with limited market-wide impact, primarily affecting debt segment investors holding these specific instruments.