Description
BSE suspends trading in Commercial Paper (ISIN: INE248U14RD6) of 360 ONE PRIME LTD effective February 04, 2025 due to buyback by the company.
Summary
BSE has announced the suspension of trading in a specific Commercial Paper issued by 360 ONE PRIME LTD (Scrip Code: 360OPL-16-06-26-CP, ISIN: INE248U14RD6, Series Code: 729020). The suspension is effective from February 04, 2025, following the company’s decision to buyback the commercial paper. Trading members are advised not to deal in this instrument.
Key Points
- Company: 360 ONE PRIME LTD
- Scrip Code: 360OPL-16-06-26-CP
- ISIN: INE248U14RD6
- Series Code: 729020
- Reason: Buyback of Commercial Paper
- Trading suspension effective: February 04, 2025
- Circular Reference: DR-813/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard operational action following a corporate decision to buyback commercial paper.
Compliance Requirements
- Trading members must not deal in the specified commercial paper (ISIN: INE248U14RD6) from February 04, 2025 onwards
- All trading members are required to take note of this suspension and update their systems accordingly
- Members should ensure compliance with the trading restriction to avoid regulatory violations
Important Dates
- Notice Date: February 03, 2026
- Trading Suspension Effective Date: February 04, 2025
Impact Assessment
Market Impact: Low to Medium - The suspension affects only holders of this specific commercial paper instrument. Investors holding this paper will need to participate in the buyback process rather than trading on the secondary market.
Operational Impact: Trading members need to update their systems to prevent inadvertent trading in the suspended instrument. The buyback provides an exit route for current holders, limiting negative impact on liquidity concerns.
Impact Justification
Trading suspension affects only specific commercial paper holders of 360 ONE PRIME LTD due to buyback. Limited to debt segment with specific ISIN, not affecting broader equity market.