Multiple Companies To Halt CP Trading For Redemption, Exchanges Issue Suspension Notices Ahead Of Record Dates

Mumbai: In a recent announcement dated June 2, 2025, the stock exchange has informed its trading members about the suspension of trading in several Commercial Papers (CPs). This action is being taken because the companies are set to redeem their CPs on their respective record dates.

GIC Housing Finance Ltd. will start the process on June 4, followed by Nuvama Wealth Management Limited on June 5. A major batch of companies including Sharekhan Ltd., HDFC Securities Ltd., ICICI Securities Ltd., Bajaj Finance Ltd., and Reliance Jio Infocomm Ltd. will redeem their CPs on June 11.

Each company has a specific CP code and ISIN number listed in the notice. Once the record date hits, trading in that particular CP will stop.

The exchange has clearly stated that no dealings should be made in the CPs from the record date onward. This is a routine process and helps in ensuring smooth redemption without any trading confusion.

Investors holding these CPs should be aware of these dates and plan accordingly. It's important not to trade them once the suspension comes into effect.

This notice helps maintain transparency and ensures all market participants are aware of the upcoming corporate actions. Trading members are expected to follow these instructions strictly.