Description

BSE suspends trading in commercial papers of 7 companies including Adani Enterprises, Vivriti Capital, Navi Finserv, Kotak Mahindra Prime, Capri Global Capital, Godrej Finance, and Bajaj Financial Securities due to upcoming redemption.

Summary

BSE has issued Notice No. 20251226-5 suspending trading in commercial papers of seven companies that have fixed record dates for redemption purposes. Trading members are advised not to deal in these commercial papers from the specified ’no dealings’ dates.

Key Points

  • Seven companies have scheduled commercial paper redemptions between December 29, 2025 and January 2, 2026
  • Trading suspension applies from the day before or on the record date for each instrument
  • Notice issued under Corporate Actions category for Debt segment
  • Each commercial paper has a unique ISIN code and BSE code for identification

Regulatory Changes

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

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the ’no dealings’ dates
  • Members should note the record dates and suspension dates for each instrument
  • Compliance with redemption schedules as per individual company announcements

Important Dates

  • December 29, 2025: Adani Enterprises Ltd. (AEL-30-12-25-CP) - Record date and trading suspension
  • January 1, 2026: Vivriti Capital Limited (VCL-02-01-26-CP) and Navi Finserv Limited (NFL-02-01-26-CP) - Record date and trading suspension
  • January 2, 2026: Kotak Mahindra Prime Limited (KMPL-05-01-26-CP), Capri Global Capital Limited (CGCL-5-1-26-CP), Godrej Finance Limited (GFL-5-1-26-CP), and Bajaj Financial Securities Limited (BFSL-5-1-26-CP) - Trading suspension (Record date: January 2, 2026 for all four)

Impact Assessment

Market Impact: Limited impact on broader debt markets as this affects only specific commercial paper instruments nearing maturity. Scheduled redemptions are normal market events.

Operational Impact: Trading members dealing in commercial paper must update their systems to prevent trading in the listed instruments from the specified dates. No impact on equity markets or other debt instruments.

Investor Impact: Holders of these commercial papers will receive redemption proceeds as per the schedule. No trading opportunity after suspension dates for these specific instruments.

Impact Justification

Affects debt market trading for multiple companies but limited to commercial paper instruments with scheduled redemptions. No unusual market disruption expected.