Description

Trading suspended for 25 commercial paper instruments of various companies from December 19-21, 2025 due to redemption record dates.

Summary

BSE has notified trading members about the suspension of trading in commercial paper instruments of 25 companies due to record dates fixed for redemption. Trading members are advised not to deal in these commercial papers from December 19, 2025 onwards, with record dates falling between December 19-21, 2025.

Key Points

  • 25 commercial paper instruments affected across multiple issuers
  • Trading suspension effective from December 19, 2025 for most securities
  • Record dates set for December 19, 2025 (23 securities) and December 21, 2025 (2 securities)
  • All suspensions are for redemption purposes
  • Notice reference: DR-781/2025-2026
  • Affects debt market segment

Companies Affected

Major Issuers Include:

  • Financial Services: Navi Finserv, IndoStar Capital, Muthoot Capital, Krazybee Services, Bajaj Financial Securities, DSP Finance, Kotak Mahindra Investments, Jio Credit, Julius Baer Capital, Nuvama Wealth Finance, Nuvama Clearing Services, Mirae Asset Financial Services, CNH Industrial Capital
  • Industrial: Shree Cements, Time Technoplast, KEC International, Birla Corporation, Electrosteel Castings, Tata Steel
  • Infrastructure: Tata Housing Development, Ashoka Buildcon, Chalet Hotels
  • Utilities: Tata Power, Reliance Jio Infocomm
  • Media: HT Media

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial paper instruments from the “No Dealings From” date
  • Members should ensure compliance with trading suspension from December 19, 2025
  • Adherence to record date requirements for redemption purposes

Important Dates

  • No Dealings From: December 19, 2025 (all 25 securities)
  • Record Dates:
    • December 19, 2025: 23 commercial paper instruments
    • December 21, 2025: 2 commercial paper instruments (Navi Finserv, Electrosteel Castings)
  • Notice Date: December 16, 2025
  • Notice Number: 20251216-6

Impact Assessment

Market Impact: Medium - affects debt market liquidity for 25 commercial paper instruments temporarily

Investor Impact: Medium - investors holding these instruments should be aware of trading suspension and upcoming redemption

Operational Impact: Low - standard corporate action procedure for scheduled redemptions

Segment: Debt market, specifically commercial paper segment

Duration: Short-term suspension (2-3 days) until redemption completion

Impact Justification

Affects 25 commercial paper instruments across major companies in debt segment. Trading suspended for short period due to scheduled redemptions. Standard corporate action with limited broader market impact.