Description

BSE suspends trading in commercial papers of 13 companies due to redemption, effective from December 17-18, 2025.

Summary

BSE has announced the suspension of trading in commercial papers of 13 companies due to scheduled redemptions. Trading members are advised not to deal in these commercial papers from the respective record dates of December 17-18, 2025.

Key Points

  • 13 companies have fixed record dates for redemption of commercial paper
  • Trading suspension applies from December 17-18, 2025 depending on the issuer
  • Notice categorized under Corporate Actions in Debt Segment
  • Notice Number: 20251215-17
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Companies Affected

Suspension from December 17, 2025:

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

Suspension 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 respective “No Dealings” dates
  • Members should update their systems to reflect the trading suspension
  • All transactions should cease before the record dates

Important Dates

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

Impact Assessment

This circular affects debt market participants holding or trading commercial papers of the listed companies. The suspension is temporary and linked to scheduled redemptions. Investors holding these commercial papers will receive redemption proceeds as per the terms. The impact is limited to short-term debt instruments and represents normal corporate treasury operations. Trading members need to ensure compliance to avoid regulatory issues.

Impact Justification

Routine redemption of commercial papers affecting multiple issuers; impacts debt market trading but is a regular corporate action