Description

BSE suspends trading in commercial paper of 10 companies effective from their respective record dates set for redemption purposes between December 12-15, 2025.

Summary

BSE has issued Notice No 20251210-7 suspending trading in commercial paper instruments of 10 companies that have fixed record dates for redemption. Trading members are advised not to deal in these commercial papers from their respective suspension dates.

Key Points

  • Total of 10 commercial paper instruments affected
  • One instrument suspended from December 12, 2025 (SBICAP Securities Limited)
  • Nine instruments suspended from December 15, 2025
  • All suspensions are due to commercial paper redemption
  • Trading members must cease dealing from specified dates

Affected Securities

Effective December 12, 2025:

  • SBICAP Securities Limited (SBICAPSL-15-12-25-CP, ISIN: INE212K14CF0, Code: 730239)

Effective December 15, 2025:

  • Godrej Finance Limited (GFL-16-12-25-CP, ISIN: INE02KN14408, Code: 728463)
  • Vertis Infrastructure Trust (VIT-16-12-25-CP, ISIN: INE0KXY14030, Code: 728473)
  • Julius Baer Capital (India) Private Limited (JBCPL-16-12-25-CP, ISIN: INE824H14SJ6, Code: 730243)
  • HDFC Securities Limited (HDFCSL-16-12-25-CP, ISIN: INE700G14PY5, Code: 730245)
  • Bajaj Financial Securities Limited (BFSL-16-12-25-CP, ISIN: INE01C314CT1, Code: 730246)
  • SBICAP Securities Limited (SSL-16-12-25-CP, ISIN: INE212K14CG8, Code: 730248)
  • DSP Finance Private Limited (DSPFPL-16-12-25-CP, ISIN: INE422H14024, Code: 730288)
  • Tata Steel Limited (TSL-16-12-25-CP, ISIN: INE081A14GH7, Code: 730409)
  • Redington Limited (RL-16-12-25-CP, ISIN: INE891D14A87, Code: 730417)

Regulatory Changes

No regulatory framework changes. This is a standard operational notice for commercial paper redemption procedures.

Compliance Requirements

  • Trading members must not execute any trades in the listed commercial paper instruments from their respective suspension dates
  • Market participants holding these instruments should prepare for redemption on the specified record dates
  • All dealing activities must cease from the “No Dealings From” date specified for each instrument

Important Dates

  • December 10, 2025: Notice date
  • December 12, 2025: Record date and trading suspension for SBICAP Securities (SBICAPSL-15-12-25-CP)
  • December 15, 2025: Record date and trading suspension for remaining 9 commercial paper instruments

Impact Assessment

This circular has limited market-wide impact as it affects only specific debt instruments nearing maturity. The trading suspension is a routine administrative measure to facilitate orderly redemption of commercial paper. Investors holding these instruments will receive redemption proceeds on the scheduled dates. No impact on equity markets or other debt segments. The measure ensures clean settlement and prevents trading after the record date for redemption purposes.

Impact Justification

Routine commercial paper redemption requiring trading suspension for 10 debt instruments. Standard corporate action with limited broader market impact, affecting only specific debt securities holders.