Description
BSE suspends trading in commercial paper of 13 companies including Adani Enterprises, Reliance Retail Ventures, and Bajaj Financial Securities due to upcoming redemption.
Summary
BSE has announced the suspension of trading in commercial paper of 13 companies effective December 17-18, 2025, due to upcoming redemption. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates. The suspension covers major corporate issuers including Adani Enterprises, Reliance Retail Ventures, Bajaj Financial Securities, and others.
Key Points
- 13 companies have fixed record dates for commercial paper redemption
- Trading suspension effective from December 17-18, 2025 depending on issuer
- One company (Adani Enterprises) has no-dealings from December 17, 2025
- Twelve companies have no-dealings from December 18, 2025
- Circular reference numbers: DR-779/2025-2026 and DR-780/2025-2026
- Applies to debt segment only
Affected Issuers
No Dealings from December 17, 2025:
- Adani Enterprises Ltd. (INE423A14YC5)
No Dealings from December 18, 2025:
- Nuvama Wealth Finance Limited (INE918K14CL0)
- Bajaj Financial Securities Limited (INE01C314CW5)
- Reliance Retail Ventures Limited (INE929O14EE0)
- Birla Group Holdings Private Limited (INE09OL14HY6)
- SBICAP Securities Limited (INE212K14CJ2)
- KEC International Ltd. (INE389H14LJ5)
- Aditya Birla Lifestyle Brands Limited (INE14LE14038)
- DSP Finance Private Limited (INE422H14057)
- L&T Metro Rail (Hyderabad) Limited (INE128M14AW3)
- Mirae Asset Sharekhan Financial Services Limited (INE550X14AJ2)
- Shree Cements Ltd. (INE070A14851)
- Kotak Mahindra Prime Limited (INE916D146E5)
Regulatory Changes
No regulatory framework changes. This is a standard corporate action notice implementing existing rules for commercial paper redemption.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the no-dealings dates
- Adherence to record date requirements for redemption processing
- Compliance with debt segment trading regulations during suspension period
Important Dates
- Notice Date: December 15, 2025
- Record Date & No Dealings Start (Adani Enterprises): December 17, 2025
- Record Date & No Dealings Start (12 other companies): December 18, 2025
- Purpose: Redemption of Commercial Paper
Impact Assessment
Market Impact: Medium - Affects debt market liquidity for 13 commercial paper instruments temporarily. Investors holding these instruments should be aware of the trading suspension.
Operational Impact: Low - Standard redemption process with predetermined timelines. Trading members have advance notice to adjust positions.
Issuer Impact: Neutral - Routine redemption process for maturing commercial paper instruments. Part of normal treasury operations for these companies.
Impact Justification
Routine trading suspension for commercial paper redemption affecting 13 issuers. Standard corporate action with predetermined record dates and no dealings from Dec 17-18, 2025.