Description

BSE suspends trading in commercial papers of 9 companies from January 6-8, 2026 due to redemption with record dates fixed.

Summary

BSE has suspended trading in commercial papers of 9 companies effective from January 6-8, 2026, due to scheduled redemptions. Trading members are advised not to deal in these commercial papers from the respective record dates as the issuers have fixed record dates for redemption purposes.

Key Points

  • 9 companies have commercial papers being redeemed between January 6-8, 2026
  • Trading suspension applies from respective record dates
  • Notice references: DR-792/2025-2026, DR-793/2025-2026, DR-794/2025-2026
  • All suspensions are in the Debt segment under Corporate Actions category
  • Trading members explicitly advised not to deal in these securities

Affected Securities

Redemption on January 6, 2026:

  • Julius Baer Capital (India) Private Limited (JBCIPL-07-01-26-CP, ISIN: INE824H14SM0)
  • Adani Enterprises Ltd. (AEL-07-01-26-CP, ISIN: INE423A14YJ0)

Redemption on January 7, 2026:

  • ARKA FINCAP LIMITED (AFL-08-1-26-CP, ISIN: INE03W114666)
  • Axis Finance Limited (AFL-8-1-26-CP, ISIN: INE891K14PP2)

Redemption on January 8, 2026:

  • Nuvama Wealth and Investment Limited (NWIL-09-01-26-CP, ISIN: INE523L14AJ4)
  • VIVRITI CAPITAL LIMITED (VCL-9-1-26-CP, ISIN: INE01HV14953)
  • Tata Housing Development Company Limited (THDCL-9-10-26-CP, ISIN: INE582L14IY2)
  • Redington Limited (RL-09-01-26-CP, ISIN: INE891D14A95)
  • Bajaj Financial Securities Limited (BFSL-9-1-26-CP, ISIN: INE01C314DP7)

Compliance Requirements

  • Trading members must cease dealing in the specified commercial papers from respective record dates
  • No trading permitted until redemption is completed
  • Members must ensure settlement obligations are met before suspension dates

Important Dates

  • January 6, 2026: Trading suspension and redemption for 2 commercial papers
  • January 7, 2026: Trading suspension and redemption for 2 commercial papers
  • January 8, 2026: Trading suspension and redemption for 5 commercial papers
  • Circular Date: January 2, 2026

Impact Assessment

This circular has limited market-wide impact as it affects only specific debt instruments scheduled for maturity. The suspensions are routine administrative measures for commercial paper redemptions. Investors holding these securities will receive redemption proceeds on respective dates. Trading members need to update their systems to prevent inadvertent trades in suspended securities. No impact on equity markets or other debt instruments.

Impact Justification

Routine commercial paper redemptions affecting debt market trading for specific securities over short period