Description
BSE suspends trading in commercial papers of seven companies including Adani Enterprises, Vivriti Capital, and Kotak Mahindra Prime due to upcoming redemptions between December 29, 2025 and January 5, 2026.
Summary
BSE has suspended trading in commercial papers issued by seven companies effective from their respective record dates between December 29, 2025 and January 5, 2026. The suspension is to facilitate the redemption of these debt instruments. Trading members are instructed not to deal in these commercial papers from the specified dates.
Key Points
- Seven companies have fixed record dates for commercial paper redemption
- Trading suspension applies from the record date for each company
- Companies affected include major financial institutions and NBFCs
- Suspension is procedural to complete the redemption process
- Notice issued under Corporate Actions category for Debt segment
Regulatory Changes
No new regulatory changes introduced. This is a standard procedural notification for commercial paper redemptions in accordance with existing debt market regulations.
Compliance Requirements
- Trading members must cease dealing in the specified commercial papers from the no-dealings date
- Members must ensure compliance with the trading suspension for each ISIN code mentioned
- Members should update their systems to reflect the trading suspension status
Important Dates
| Company | ISIN Code | Record Date | No Dealings From |
|---|---|---|---|
| Adani Enterprises Ltd. | INE423A14YH4 | 29/12/2025 | 29/12/2025 |
| Vivriti Capital Limited | INE01HV14946 | 01/01/2026 | 01/01/2026 |
| Navi Finserv Limited | INE342T14EK2 | 01/01/2026 | 01/01/2026 |
| Kotak Mahindra Prime Limited | INE916D144S0 | 02/01/2026 | 02/01/2026 |
| Capri Global Capital Limited | INE180C14540 | 02/01/2026 | 02/01/2026 |
| Godrej Finance Limited | INE02KN14606 | 02/01/2026 | 02/01/2026 |
| Bajaj Financial Securities Limited | INE01C314DO0 | 02/01/2026 | 02/01/2026 |
Impact Assessment
Market Impact: Limited to commercial paper holders and short-term debt market participants. The suspensions are temporary and procedural in nature.
Investor Impact: Investors holding these commercial papers will receive redemption proceeds as per the terms. No trading is possible from the suspension date until redemption completion.
Liquidity Impact: Moderate short-term impact on commercial paper market liquidity, particularly for papers issued by these seven entities. However, this is a routine occurrence for maturing debt instruments.
Operational Impact: Trading members need to update their systems and ensure no inadvertent trading occurs in these suspended instruments during the specified periods.
Impact Justification
Affects commercial paper investors in seven major financial institutions with redemptions scheduled over next 10 days. Trading suspension is procedural for redemption completion but impacts short-term debt market liquidity.