Description
BSE suspends trading in commercial paper of 20 companies due to upcoming redemptions between December 23-30, 2025.
Summary
BSE has issued a suspension notice for trading in commercial paper of 20 companies scheduled for redemption between December 23-30, 2025. Trading members are advised not to deal in these instruments from their respective ‘No Dealings From’ dates. The suspensions are related to record dates fixed by companies for commercial paper redemption purposes.
Key Points
- 20 commercial paper instruments suspended for trading
- Redemption dates range from December 23, 2025 to December 30, 2025
- Suspensions categorized under Debt segment corporate actions
- Notice numbers DR-783 through DR-787 for financial year 2025-2026
- Companies include major names like Bajaj Finance, L&T, Adani Enterprises, ICICI Home Finance, and Avenue Supermarts
Regulatory Changes
No regulatory changes introduced. 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 their respective suspension dates
- Members must observe the record dates fixed by companies for redemption purposes
- Compliance with suspension effective from dates mentioned for each instrument
Important Dates
- December 23, 2025: SBICAP Securities commercial paper (SSL-24-12-25-CP) - Record date and suspension start
- December 24, 2025: Six instruments suspended - 360 ONE Prime, Adani Enterprises, Vivriti Capital, Infina Finance, L&T, and ICICI Home Finance
- December 26, 2025: Four instruments suspended - Avenue Supermarts, J.K. Cement, E.I.D. Parry, and ICICI Home Finance (second instrument)
- December 29, 2025: Five instruments suspended - Julius Baer Capital, IndoStar Capital, 360 ONE WAM, Bajaj Finance, and SG Finserve
- December 30, 2025: Three instruments suspended - Capri Global Capital, Muthoottu Mini Financiers, and Bajaj Financial Securities
Impact Assessment
Market Impact: Limited to debt market participants holding or trading these specific commercial paper instruments. No impact on equity markets.
Operational Impact: Trading members must ensure compliance with suspension dates to avoid potential regulatory issues. Companies’ commercial paper holders will receive redemption proceeds as per scheduled maturity.
Investor Impact: Investors holding these instruments should be aware of upcoming redemptions and suspension of secondary market trading. Liquidity in these specific commercial papers will be unavailable during suspension periods.
Impact Justification
Routine corporate action affecting 20 companies' commercial paper instruments with scheduled redemptions; limited to debt segment with no equity market impact