Description

Trading suspension notice for 25 commercial paper instruments due to redemption with record dates between December 19-21, 2025. No dealings permitted from December 19, 2025.

Summary

BSE has issued a notice suspending trading in 25 commercial paper instruments issued by various companies due to upcoming redemption. The suspension affects instruments from major corporate issuers including Navi Finserv, IndoStar Capital, Shree Cements, Tata Steel, Reliance Jio Infocomm, and others. Trading members are advised not to deal in these commercial papers from December 19, 2025, with record dates set between December 19-21, 2025.

Key Points

  • 25 commercial paper instruments subject to trading suspension
  • All suspensions under reference number DR-781/2025-2026
  • No dealings permitted from December 19, 2025 for all listed instruments
  • Record dates vary: 24 instruments on December 19, 2025; 2 instruments on December 21, 2025
  • Purpose: Redemption of commercial paper at maturity
  • Affects debt segment trading members

Regulatory Changes

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

Compliance Requirements

  • Trading members must cease dealing in the specified commercial papers from December 19, 2025
  • Trading members should ensure no transactions are executed in the listed instruments during the suspension period
  • Adherence to record date requirements for redemption processing

Important Dates

  • Notice Date: December 16, 2025
  • No Dealings From: December 19, 2025 (all instruments)
  • Record Dates:
    • December 19, 2025: 24 commercial paper instruments
    • December 21, 2025: 2 commercial paper instruments (Navi Finserv, Electrosteel Castings)

Impact Assessment

Market Impact: Medium - Affects liquidity in commercial paper market temporarily but is part of normal redemption cycle. Multiple major issuers involved including Tata Group entities, Reliance Jio, and financial services companies.

Operational Impact: Low - Standard suspension process for maturing commercial papers. Trading members should update their systems to prevent inadvertent trades in suspended instruments.

Investor Impact: Low - Investors holding these instruments will receive redemption proceeds as per terms. No trading disruption beyond the brief suspension period required for redemption processing.

Impact Justification

Affects 25 commercial paper instruments across major issuers including Tata Steel, Reliance Jio, and Bajaj Financial Securities. Standard redemption process with limited market disruption as trading suspension is brief (2-3 days).