Description

BSE suspends trading in commercial papers of 10 companies due to upcoming redemptions scheduled between December 24-26, 2025.

Summary

BSE has announced the suspension of trading in commercial papers of 10 companies with record dates set between December 24-26, 2025, for redemption purposes. Trading members are advised not to deal in these instruments from the specified suspension dates.

Key Points

  • 10 commercial papers suspended for redemption
  • 6 instruments have record date of December 24, 2025 with suspension from December 24, 2025
  • 4 instruments have record date of December 26, 2025 with suspension from December 26, 2025
  • Notice Number: 20251222-48
  • Segment: Debt
  • Category: Corporate Actions

Affected Instruments

Suspensions from December 24, 2025:

  • Kotak Mahindra Investments Limited (ISIN: INE975F14B00, Code: 729571)
  • Capri Global Capital Limited (ISIN: INE180C14524, Code: 729753)
  • Sterlite Technologies Limited (ISIN: INE089C14DR2, Code: 730116)
  • SBICAP Securities Limited (ISIN: INE212K14CN4, Code: 730321)
  • Navi Finserv Limited (ISIN: INE342T14EL0, Code: 730361) - Record date: December 25, 2025
  • Kalpataru Projects International Limited (ISIN: INE220B14BN8, Code: 730413)

Suspensions from December 26, 2025:

  • Muthoottu Mini Financiers Limited (ISIN: INE101Q14223, Code: 729913)
  • Aarti Industries Ltd (ISIN: INE769A14981, Code: 730341)
  • Tata Steel Limited (ISIN: INE081A14GF1, Code: 730355)
  • Reliance Industries Ltd (ISIN: INE002A14LO9, Code: 730583)

Regulatory Changes

No new regulatory changes. This is a routine operational notice implementing standard procedures for commercial paper redemption.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the respective suspension dates
  • All transactions must cease before the record dates to ensure proper redemption processing
  • Members must update their systems to reflect trading suspensions

Important Dates

  • December 24, 2025: Record date and suspension date for 5 CPs (6 including Navi Finserv with different record date)
  • December 25, 2025: Record date for Navi Finserv Limited CP
  • December 26, 2025: Record date and suspension date for 4 CPs
  • Notice Date: December 22, 2025

Impact Assessment

Market Impact: Medium - affects debt market participants holding or trading these specific commercial papers. Routine procedure with limited broader market implications.

Operational Impact: Medium - trading members must update systems and cease trading in 10 commercial papers across two suspension dates. Standard redemption process for maturing debt instruments.

Investor Impact: Medium - holders of these commercial papers will receive redemption proceeds as per the terms. No trading opportunity available from suspension dates.

Impact Justification

Routine suspension for commercial paper redemption affecting 10 issuers. Limited market impact as this is standard procedure for maturing debt instruments.