Description

BSE suspends trading in commercial papers of seven companies including Adani Enterprises, VIVRITI Capital, Navi Finserv, and others due to redemption with record dates between December 29, 2025 and January 2, 2026.

Summary

BSE has suspended trading in commercial papers of seven companies effective from their respective record dates for redemption purposes. The suspension affects Adani Enterprises Ltd., VIVRITI Capital Limited, Navi Finserv Limited, Kotak Mahindra Prime Limited, Capri Global Capital Limited, Godrej Finance Limited, and Bajaj Financial Securities Limited. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates.

Key Points

  • Seven companies have fixed record dates for commercial paper redemption
  • Trading members must not deal in the specified commercial papers from the no-dealings dates
  • Suspensions are effective between December 29, 2025 and January 2, 2026
  • Notice issued under DR-786/2025-2026 through DR-790/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

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

Compliance Requirements

  • Trading members must cease dealing in the following commercial papers from specified dates:
    • Adani Enterprises Ltd. (INE423A14YH4) - No dealings from December 29, 2025
    • VIVRITI Capital Limited (INE01HV14946) - No dealings from January 1, 2026
    • Navi Finserv Limited (INE342T14EK2) - No dealings from January 1, 2026
    • Kotak Mahindra Prime Limited (INE916D144S0) - No dealings from January 2, 2026
    • Capri Global Capital Limited (INE180C14540) - No dealings from January 2, 2026
    • Godrej Finance Limited (INE02KN14606) - No dealings from January 2, 2026
    • Bajaj Financial Securities Limited (INE01C314DO0) - No dealings from January 2, 2026

Important Dates

  • December 29, 2025: Record date and no-dealings date for Adani Enterprises Ltd. CP
  • January 1, 2026: Record date and no-dealings date for VIVRITI Capital and Navi Finserv CP
  • January 2, 2026: Record date and no-dealings date for Kotak Mahindra Prime, Capri Global Capital, Godrej Finance, and Bajaj Financial Securities CP

Impact Assessment

Limited market impact as this is a routine suspension for commercial paper redemption. Affects debt market participants holding or trading these specific commercial paper instruments. The staggered suspension dates between December 29, 2025 and January 2, 2026 allow for orderly settlement and redemption processes. Trading members with positions in these instruments must ensure compliance with the no-dealings restriction from the specified dates.

Impact Justification

Routine suspension for commercial paper redemption affecting seven issuers with specific no-dealings periods starting between December 29, 2025 and January 2, 2026