Description

BSE suspends trading in commercial paper of 19 companies effective December 16-17, 2025 due to redemption record dates.

Summary

BSE has issued a notice suspending trading in commercial paper of 19 companies effective December 16-17, 2025. The suspension is due to record dates fixed for redemption of commercial paper. Trading members are advised not to deal in these instruments from the specified dates.

Key Points

  • 19 companies have fixed record dates for commercial paper redemption
  • 10 companies have record date of December 16, 2025 with no dealings from December 16, 2025
  • 9 companies have record date of December 17, 2025 with no dealings from December 17, 2025
  • All suspensions are categorized under Corporate Actions in the Debt segment
  • Notice references DR-778/2025-2026 and DR-779/2025-2026

Companies Affected (December 16, 2025)

  1. Sharekhan Limited (INE211H14AF2 / 730252)
  2. Bajaj Financial Securities Limited (INE01C314CV7 / 730253)
  3. Infina Finance Private Limited (INE879F14LM3 / 730254)
  4. SBICAP Securities Limited (INE212K14CH6 / 730255)
  5. UGRO CAPITAL LIMITED (INE583D14675 / 730256)
  6. L&T Metro Rail (Hyderabad) Limited (INE128M14AU7 / 730257)
  7. Navi Finserv Limited (INE342T14EF2 / 730258)
  8. Tata Power Co. Ltd (INE245A14KG2 / 730260)
  9. Redington Limited (INE891D14A46 / 730326)
  10. Samvardhana Motherson International Limited (INE775A14798 / 730513)

Companies Affected (December 17, 2025)

  1. ARKA FINCAP LIMITED (INE03W114658 / 728480)
  2. birla Group Holdings Private Limited (INE09OL14HX8 / 730259)
  3. SBICAP Securities Limited (INE212K14CI4 / 730263)
  4. Tata Housing Development Company Limited (INE582L14IW6 / 730265)
  5. Reliance Retail Ventures Limited (INE929O14EF7 / 730266)
  6. J.K. CEMENT LTD (INE823G14AX9 / 730267)
  7. Bajaj Financial Securities Limited (INE01C314CU9 / 730268)
  8. DSP FINANCE PRIVATE LIMITED (INE422H14032 / 730287)
  9. Shree Cements Ltd. (INE070A14836 / 730292)

Regulatory Changes

No regulatory framework changes. This is a standard operational notice for corporate action processing in the debt market.

Compliance Requirements

  • Trading members must not deal in the listed commercial paper from the specified no-dealings dates
  • All affected commercial paper instruments are suspended from trading to facilitate redemption processing
  • Trading members should inform their clients about the suspension

Important Dates

  • Notice Date: December 12, 2025
  • Record Date (Batch 1): December 16, 2025
  • No Dealings From (Batch 1): December 16, 2025
  • Record Date (Batch 2): December 17, 2025
  • No Dealings From (Batch 2): December 17, 2025

Impact Assessment

Market Impact: Medium - Affects 19 commercial paper instruments across diverse sectors including financial services, infrastructure, cement, and retail.

Operational Impact: Routine - Standard suspension for redemption processing. Trading members and investors holding these instruments should prepare for redemption settlements.

Sector Distribution: Predominantly financial services companies (Bajaj Financial Securities, SBICAP Securities, Sharekhan, Infina Finance, UGRO Capital, Navi Finserv, ARKA FINCAP, DSP Finance), with representation from infrastructure (L&T Metro Rail), power (Tata Power), manufacturing (Motherson, Shree Cements, J.K. Cement), retail (Reliance Retail), real estate (Tata Housing), and technology distribution (Redington).

Impact Justification

Routine suspension affecting 19 commercial paper instruments for redemption; impacts debt market participants but is standard corporate action procedure