Description

BSE suspends trading in commercial paper of 20 companies including SBICAP Securities, 360 ONE Prime, Adani Enterprises, and Bajaj Finance due to upcoming redemptions between December 23-30, 2025.

Summary

BSE has suspended trading in commercial paper of 20 companies effective from their respective record dates set for redemption purposes. The suspensions span from December 23, 2025 to December 30, 2025, covering major corporates and financial institutions. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates.

Key Points

  • 20 commercial paper issues suspended for trading due to redemption
  • Companies include major names: Adani Enterprises, Bajaj Finance, L&T, ICICI Home Finance, Avenue Supermarts (DMart)
  • Suspensions effective between December 23-30, 2025
  • Record dates fixed between December 23-30, 2025
  • DR (Daily Report) numbers assigned: DR-783 through DR-787 for FY 2025-2026
  • Trading members instructed not to deal in these securities from no-dealings dates

Regulatory Changes

No regulatory changes. This is a standard operational notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not execute deals in the listed commercial papers from their respective no-dealings dates
  • All market participants must note the record dates for redemption purposes
  • Compliance with suspension period mandatory for all exchange members

Important Dates

December 23, 2025:

  • SBICAP Securities Ltd (INE212K14CM6): Record date and no dealings from this date

December 24, 2025:

  • 360 ONE Prime Limited (INE248U14RI5): Record date and no dealings
  • Adani Enterprises Ltd (INE423A14XU9): Record date and no dealings
  • VIVRITI CAPITAL LIMITED (INE01HV14805): Record date and no dealings
  • Infina Finance Private Limited (INE879F14LP6): Record date and no dealings
  • Larsen & Toubro Limited (INE018A14LR8): Record date and no dealings

December 25, 2025:

  • ICICI HOME FINANCE COMPANY LIMITED (INE071G14HC4): Record date (no dealings from Dec 24)

December 26, 2025:

  • Avenue Supermarts Limited (INE192R14287): Record date and no dealings
  • J.K. CEMENT LTD (INE823G14AY7): Record date and no dealings
  • E.I.D. Parry (India) Ltd (INE126A14EM5): Record date and no dealings

December 27, 2025:

  • ICICI HOME FINANCE COMPANY LIMITED (INE071G14HH3): Record date (no dealings from Dec 26)

December 29, 2025:

  • Julius Baer Capital (India) Private Limited (INE824H14RG4): Record date and no dealings
  • IndoStar Capital Finance Limited (INE896L14EX7): Record date and no dealings
  • 360 ONE WAM LIMITED (INE466L14EP5): Record date and no dealings
  • Bajaj Finance Limited (INE296A14C97): Record date and no dealings
  • SG FINSERVE LIMITED (INE618R14026): Record date and no dealings

December 30, 2025:

  • Capri Global Capital Limited (INE180C14433): Record date and no dealings
  • Muthoottu Mini Financiers Limited (INE101Q14165): Record date and no dealings
  • Bajaj Financial Securities Limited (INE01C314DW3): Record date and no dealings

Impact Assessment

Market Impact: Medium - affects liquidity in commercial paper market for 20 issues over 8-day period. Major blue-chip companies and NBFCs included.

Investor Impact: Investors holding these commercial papers should note redemption schedules. No trading allowed during suspension period.

Operational Impact: Trading members must update systems to block trades in these securities. Standard redemption process with predetermined timelines.

Sectoral Coverage: Diverse - includes NBFCs (Bajaj Finance, ICICI Home Finance, Muthoottu), retail (Avenue Supermarts), infrastructure (L&T), cement (JK Cement), and financial services companies.

Notice Details:

  • Notice Number: 20251219-8
  • Category: Corporate Actions
  • Segment: Debt
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Impact Justification

Routine operational circular affecting debt market liquidity for 20 commercial paper issues. Impacts debt market participants but follows standard redemption procedures.