Description
Trading suspended for 19 commercial papers from various companies due to redemption on December 16-17, 2025.
Summary
BSE has suspended trading in 19 commercial papers issued by various companies effective from December 16-17, 2025, due to scheduled redemptions. Trading members are advised not to deal in these securities from the specified no-dealings dates. The suspension affects commercial papers from financial services companies, infrastructure firms, and manufacturing entities.
Key Points
- 19 commercial papers suspended for trading due to redemption
- 10 securities suspended from December 16, 2025
- 9 securities suspended from December 17, 2025
- Record dates set for December 16-17, 2025
- Trading members advised not to deal in these securities from respective no-dealings dates
- Circular reference: DR-778/2025-2026 and DR-779/2025-2026
Regulatory Changes
No regulatory changes. This is a routine operational notice for scheduled commercial paper redemptions.
Compliance Requirements
- Trading members must cease dealing in the listed commercial papers from the specified no-dealings dates
- Trading members must note the record dates for redemption purposes
- No transactions should be executed in these securities from December 16 or 17, 2025, as applicable
Important Dates
- December 16, 2025: Record date and no-dealings start date for 10 commercial papers (Sharekhan Limited, Bajaj Financial Securities Limited, Infina Finance Private Limited, SBICAP Securities Limited, UGRO Capital Limited, L&T Metro Rail Hyderabad Limited, Navi Finserv Limited, Tata Power Co. Ltd, Redington Limited, Samvardhana Motherson International Limited)
- December 17, 2025: Record date and no-dealings start date for 9 commercial papers (ARKA Fincap Limited, Birla Group Holdings Private Limited, SBICAP Securities Limited, Tata Housing Development Company Limited, Reliance Retail Ventures Limited, J.K. Cement Ltd, Bajaj Financial Securities Limited, DSP Finance Private Limited, Shree Cements Ltd)
Impact Assessment
Market Impact: Medium - affects liquidity in 19 commercial paper instruments but is part of normal redemption cycle. Debt market participants holding these securities will receive redemption proceeds as scheduled.
Operational Impact: Trading members must update their systems to prevent trades in these securities from the specified dates. Investors holding these commercial papers will have their investments redeemed on the record dates.
Affected Entities: Covers diverse sectors including financial services (Sharekhan, Bajaj Financial Securities, SBICAP), infrastructure (L&T Metro Rail), power (Tata Power), retail (Reliance Retail), and manufacturing (J.K. Cement, Shree Cements).
Impact Justification
Routine suspension affecting 19 commercial papers for redemption. Impacts debt market participants dealing in these instruments but is part of normal redemption process.