Description
BSE suspends trading in commercial papers of SBICAP Securities Limited and Mindspace Business Parks REIT ahead of their respective redemption record dates in March 2026.
Summary
BSE has issued Notice No. 20260227-13 informing trading members that two companies have fixed record dates for the redemption of their Commercial Papers. Trading members are advised not to deal in the commercial papers of SBICAP Securities Limited and Mindspace Business Parks REIT with effect from their respective no-dealings dates.
Key Points
- Trading in SBICAP Securities Limited’s commercial paper (SBICAPSL-06-03-26-CP, ISIN: INE212K14CV7, Code: 730717) is suspended effective 05/03/2026.
- Trading in Mindspace Business Parks REIT’s commercial paper (MBPREIT-9-3-26-CP, ISIN: INE0CCU14112, Code: 730079) is suspended effective 06/03/2026.
- Both suspensions are in connection with redemption of the respective commercial papers.
- The notice is issued under the Debt segment and falls under Corporate Actions category.
Regulatory Changes
No new regulatory changes introduced. This is a standard operational notice under existing BSE framework for suspension of trading in debt instruments approaching redemption.
Compliance Requirements
- Trading members must cease all dealings in the commercial paper of SBICAP Securities Limited (Code: 730717) from 05/03/2026 onwards.
- Trading members must cease all dealings in the commercial paper of Mindspace Business Parks REIT (Code: 730079) from 06/03/2026 onwards.
- Members holding or transacting in these instruments must ensure no trades are executed on or after the respective no-dealings dates.
Important Dates
| Company | Instrument | ISIN | Code | Record Date | No Dealings From | Purpose |
|---|---|---|---|---|---|---|
| SBICAP Securities Limited | SBICAPSL-06-03-26-CP | INE212K14CV7 | 730717 | 05/03/2026 | 05/03/2026 | Redemption of Commercial Paper |
| Mindspace Business Parks REIT | MBPREIT-9-3-26-CP | INE0CCU14112 | 730079 | 06/03/2026 | 06/03/2026 | Redemption of Commercial Paper |
- Circular issued: 27 February 2026
- DR references: DR-833/2025-2026 and DR-834/2025-2026
Impact Assessment
The impact is limited to holders and traders of these two specific commercial paper instruments in the BSE Debt segment. Both instruments are approaching maturity and redemption, so the suspension is a routine administrative action. Investors holding these commercial papers should note that secondary market trading will not be available on or after the respective no-dealings dates and should plan accordingly. No broader market impact is anticipated.
Impact Justification
Routine suspension of trading in commercial papers prior to redemption; affects only two specific debt instruments with imminent redemption dates and does not impact broader equity markets.