Description

BSE suspends trading in commercial papers of 13 companies including Adani Enterprises, Reliance Retail Ventures, Bajaj Financial Securities and others due to upcoming redemptions on December 17-18, 2025.

Summary

BSE has announced the suspension of trading in commercial papers of 13 companies effective December 17-18, 2025, due to upcoming redemptions. The suspension affects commercial papers from major corporations including Adani Enterprises Limited, Nuvama Wealth Finance Limited, Bajaj Financial Securities Limited, Reliance Retail Ventures Limited, and others. Trading members are advised not to deal in these commercial papers from the specified dates.

Key Points

  • Total of 13 commercial papers suspended for trading
  • Record dates fixed for December 17-18, 2025
  • Purpose: Redemption of commercial papers
  • Trading suspension effective from respective record dates
  • Notice issued under circular DR-779/2025-2026 and DR-780/2025-2026

Affected Companies and Details

December 17, 2025 Redemption

  • Adani Enterprises Ltd. (AEL-18-12-25-CP, ISIN: INE423A14YC5, Code: 730262)

December 18, 2025 Redemption

  • 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)

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the respective record dates
  • Members must ensure compliance with the suspension effective from December 17-18, 2025
  • All debt segment participants must take note of the suspended securities and their ISIN codes

Important Dates

  • Notice Date: December 15, 2025
  • Record Date (Adani Enterprises): December 17, 2025
  • No Dealings From (Adani Enterprises): December 17, 2025
  • Record Date (12 Companies): December 18, 2025
  • No Dealings From (12 Companies): December 18, 2025

Impact Assessment

Market Impact: Medium - The suspension affects commercial papers of 13 major corporations across various sectors including retail, financial services, infrastructure, and manufacturing. While this is a routine corporate action for debt redemptions, the simultaneous suspension of multiple instruments may temporarily reduce liquidity in the commercial paper market.

Investor Impact: Investors holding these commercial papers will receive redemption proceeds as per the terms of the instruments. No trading will be permitted from the record dates, ensuring clean settlement for redemption.

Operational Impact: Trading members must update their systems to block trading in these 13 commercial papers from the specified dates to ensure compliance with the suspension directive.

Impact Justification

Routine suspension affecting debt instruments of multiple issuers due to scheduled redemptions. Limited impact on equity markets but relevant for debt market participants.