Description

BSE announces suspension of trading in commercial papers of 16 companies due to upcoming redemption with record dates between December 10-12, 2025.

Summary

BSE has issued notice DR-774/2025-2026, DR-775/2025-2026, and DR-776/2025-2026 informing trading members about the suspension of trading in commercial papers of 16 companies. The suspensions are due to record dates fixed for redemption purposes, with no dealings permitted from the respective no-dealing dates.

Key Points

  • 16 companies have fixed record dates for commercial paper redemption
  • Trading members are advised not to deal in the specified commercial papers
  • Suspensions span from December 10-12, 2025
  • Notice issued on December 5, 2025, effective December 9, 2025
  • Includes major financial institutions and corporate entities

Important Dates

  • December 10, 2025: Kotak Mahindra Investments Limited - Record date and no dealings from this date
  • December 11, 2025: Adani Enterprises Ltd. - Record date and no dealings from this date
  • December 12, 2025: 14 companies - Record date and no dealings from this date for:
    • 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

Compliance Requirements

  • Trading members must not execute any deals in the specified commercial papers from the no-dealing dates
  • Members must ensure compliance with the suspension effective from respective dates
  • All trading activities in these commercial papers must cease from the specified dates until redemption is completed

Impact Assessment

The suspension affects commercial paper trading across multiple sectors including financial services, telecommunications, infrastructure, and consumer businesses. This is a standard market procedure for commercial paper redemption with minimal disruption to overall debt market operations. Investors holding these commercial papers should prepare for redemption settlements. The temporary nature of these suspensions limits broader market impact, though liquidity in these specific instruments will be affected during the suspension period.

Impact Justification

Routine administrative action affecting commercial paper trading for multiple companies due to scheduled redemptions. Limited impact as suspensions are temporary and aligned with redemption dates.