Description
BSE suspends trading in commercial papers of 7 companies from December 29, 2025 to January 2, 2026 due to upcoming redemptions.
Summary
BSE has announced the suspension of trading in commercial papers of seven companies effective from December 29, 2025 to January 2, 2026. The suspension is implemented to facilitate the redemption process as per the record dates fixed by respective issuers. This is a standard operational procedure for maturing commercial paper instruments.
Key Points
- Seven companies’ commercial papers are subject to trading suspension
- Suspensions range from December 29, 2025 to January 2, 2026
- Action taken to facilitate redemption on respective record dates
- Trading members advised not to deal in these specific commercial papers
- Notice issued under Corporate Actions category for Debt segment
Affected Instruments
December 29, 2025
- Adani Enterprises Ltd. (AEL-30-12-25-CP, ISIN: INE423A14YH4, Code: 730343)
- Record Date: December 29, 2025
- No dealings from: December 29, 2025
- Reference: DR-786/2025-2026
January 1, 2026
VIVRITI CAPITAL LIMITED (VCL-02-01-26-CP, ISIN: INE01HV14946, Code: 730162)
- Record Date: January 1, 2026
- No dealings from: January 1, 2026
- Reference: DR-789/2025-2026
Navi Finserv Limited (NFL-02-01-26-CP, ISIN: INE342T14EK2, Code: 730363)
- Record Date: January 1, 2026
- No dealings from: January 1, 2026
- Reference: DR-789/2025-2026
January 2, 2026
Kotak Mahindra Prime Limited (KMPL-05-01-26-CP, ISIN: INE916D144S0, Code: 728598)
- Record Date: January 2, 2026
- No dealings from: January 2, 2026
- Reference: DR-790/2025-2026
Capri Global Capital Limited (CGCL-5-1-26-CP, ISIN: INE180C14540, Code: 729807)
- Record Date: January 2, 2026
- No dealings from: January 2, 2026
- Reference: DR-790/2025-2026
Godrej Finance Limited (GFL-5-1-26-CP, ISIN: INE02KN14606, Code: 730218)
- Record Date: January 2, 2026
- No dealings from: January 2, 2026
- Reference: DR-790/2025-2026
Bajaj Financial Securities Limited (BFSL-5-1-26-CP, ISIN: INE01C314DO0, Code: 730749)
- Record Date: January 2, 2026
- No dealings from: January 2, 2026
- Reference: DR-790/2025-2026
Regulatory Changes
No new regulatory changes introduced. This circular follows existing BSE procedures for handling commercial paper redemptions in the debt market segment.
Compliance Requirements
- Trading members must not execute any trades in the specified commercial papers from the respective “No Dealings From” dates
- Members should inform their clients holding these instruments about the upcoming redemptions
- Compliance with record date requirements for redemption processing
Important Dates
- December 26, 2025: Notice issued
- December 29, 2025: Trading suspension begins for Adani Enterprises CP
- January 1, 2026: Trading suspension begins for VIVRITI CAPITAL and Navi Finserv CPs
- January 2, 2026: Trading suspension begins for Kotak Mahindra Prime, Capri Global, Godrej Finance, and Bajaj Financial Securities CPs
Impact Assessment
Market Impact: Minimal. Commercial paper trading suspensions are routine operational events that occur as instruments approach maturity. The suspensions affect only specific debt instruments and not the broader equity or debt markets.
Investor Impact: Limited to holders of the specific commercial papers listed. Investors will receive redemption proceeds as per the terms of their investment on the respective record dates.
Operational Impact: Standard procedure requiring trading members to update their systems to block trades in the specified ISINs from the respective suspension dates. No systemic market impact expected.
Impact Justification
Routine commercial paper redemption suspensions affecting debt instruments only, no impact on equity markets or broader trading operations