Description

BSE suspends trading in commercial papers of 13 companies including Adani Enterprises, Nuvama Wealth, Bajaj Financial Securities, and others due to upcoming redemption.

Summary

BSE has issued a notice suspending trading in commercial papers of 13 companies effective from December 17-18, 2025. The suspension is due to record dates fixed for redemption of commercial papers. Trading members are advised not to deal in these instruments from the specified no-dealing dates.

Key Points

  • 13 companies have fixed record dates for commercial paper redemption
  • 1 commercial paper with no-dealings from December 17, 2025 (Adani Enterprises)
  • 12 commercial papers with no-dealings from December 18, 2025
  • Trading suspension applies to debt segment
  • Notice issued under corporate actions category

Affected Companies and Securities

No Dealings from December 17, 2025:

  • Adani Enterprises Ltd. (AEL-18-12-25-CP, ISIN: INE423A14YC5, Code: 730262) - Record Date: 17/12/2025

No Dealings from December 18, 2025:

  • Nuvama Wealth Finance Limited (NWFL-19-12-25-CP, ISIN: INE918K14CL0, Code: 729720)
  • Bajaj Financial Securities Limited (BFSL-19-12-25-CP, ISIN: INE01C314CW5, Code: 730270)
  • Reliance Retail Ventures Limited (RRVL-19-12-25-CP, ISIN: INE929O14EE0, Code: 730271)
  • Birla Group Holdings Private Limited (BGHPL-19-12-25-CP, ISIN: INE09OL14HY6, Code: 730272)
  • SBICAP Securities Limited (SBICAPSL-19-12-25-CP, ISIN: INE212K14CJ2, Code: 730273)
  • KEC International Ltd. (KECIL-19-12-25-CP, ISIN: INE389H14LJ5, Code: 730276)
  • Aditya Birla Lifestyle Brands Limited (ABLB-19-12-25-CP, ISIN: INE14LE14038, Code: 730278)
  • DSP Finance Private Limited (DFPL-19-12-25-CP, ISIN: INE422H14057, Code: 730303)
  • L&T Metro Rail (Hyderabad) Limited (LTMR-19-12-25-CP, ISIN: INE128M14AW3, Code: 730331)
  • Mirae Asset Sharekhan Financial Services Limited (MASFSL-19-12-25-CP, ISIN: INE550X14AJ2, Code: 730349)
  • Shree Cements Ltd. (SCL-19-12-25-CP, ISIN: INE070A14851, Code: 730373)
  • Kotak Mahindra Prime Limited (KMP-19-12-25-CP, ISIN: INE916D146E5, Code: 730711)

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the no-dealings dates
  • Applies to all transactions in the debt segment
  • Members should update their systems to reflect trading suspension

Important Dates

  • Notice Date: December 15, 2025
  • First Record Date: December 17, 2025 (1 company)
  • Second Record Date: December 18, 2025 (12 companies)
  • No Dealings Start: December 17-18, 2025 (respective dates)
  • Notice Numbers: DR-779/2025-2026 and DR-780/2025-2026

Impact Assessment

This is a routine corporate action with limited market impact. The trading suspension affects only the specific commercial paper instruments scheduled for redemption and does not impact equity shares or other securities of these companies. Investors holding these commercial papers will receive redemption proceeds as per the terms. The suspension ensures orderly settlement of maturing instruments and prevents trading after the record date. Given the short-term nature of commercial papers, this is an expected part of their lifecycle.

Impact Justification

Routine suspension affecting commercial paper instruments of multiple major companies for redemption purposes. No dealings allowed from specified dates.