Description

BSE suspends trading in commercial papers of 17 issuers including Adani Enterprises, Bajaj Finance, Axis Finance, and others due to upcoming redemptions between January 12-19, 2026.

Summary

BSE has announced the suspension of trading in commercial papers of 17 different issuers effective from their respective record dates. The suspensions are necessary to facilitate redemption of commercial papers with record dates ranging from January 12-16, 2026. Affected issuers include major financial institutions and corporates such as Adani Enterprises, Bajaj Finance, Bajaj Housing Finance, Axis Finance, ICICI Securities, Tata Power, and others.

Key Points

  • Trading suspension applies to 17 commercial paper issuances from various companies
  • Record dates for redemptions fall between January 12-16, 2026
  • Trading members are instructed not to deal in these securities from their respective “no dealings” dates
  • Each commercial paper has unique ISIN and scrip code identification
  • Circular issued under Notice No. 20260107-7 dated January 07, 2026
  • Category: Corporate Actions, Segment: Debt

Regulatory Changes

No new regulatory changes. This is a standard operational notice for trading suspension related to commercial paper redemptions as per existing market procedures.

Compliance Requirements

  • Trading members must cease dealing in the specified commercial papers from their respective “no dealings” dates
  • Members must ensure proper settlement of existing positions before suspension dates
  • Adherence to record date requirements for redemption processing
  • Members should update their trading systems to reflect the suspension status

Important Dates

January 12, 2026:

  • Adani Enterprises Ltd. (INE423A14YK8) - Record date and no dealings from this date

January 14, 2026:

  • Axis Finance Limited (INE891K14PC0)
  • Bajaj Finance Limited (INE296A14C55)
  • Julius Baer Capital India Pvt Ltd (INE824H14SN8)
  • Navi Finserv Limited (INE342T14EP1)
  • Bajaj Housing Finance Limited (INE377Y14BT5)
  • Bajaj Financial Securities Limited (INE01C314DX1)

January 15, 2026:

  • Julius Baer Capital India Pvt Ltd (INE824H14RE9)
  • ICICI Securities Limited (INE763G14WO0)
  • Tata Power Co. Ltd (INE245A14KJ6)
  • Infina Finance Private Limited (INE879F14LS0)
  • Bajaj Finance Limited (INE296A14C89)
  • Bajaj Financial Securities Limited (INE01C314ED1)

January 16, 2026:

  • IndoStar Capital Finance Limited (INE896L14ES7)
  • Birla Group Holdings Private Limited (INE09OL14IA4)
  • Bajaj Finance Limited (INE296A14D05)

Impact Assessment

Market Impact: Medium - The suspension affects commercial paper trading for multiple major issuers but is temporary and specific to maturing instruments. Market liquidity in these specific CPs will be restricted during the suspension period.

Operational Impact: Low to Medium - Trading members need to ensure compliance with suspension dates and manage client positions accordingly. Standard operational procedure for debt market participants.

Investor Impact: Low - Investors holding these commercial papers will receive redemption proceeds as scheduled. The suspension is procedural and protects investor interests by preventing trades that would settle after the record date.

Sector Coverage: Diversified - Affected issuers span financial services (Bajaj Group entities, Axis Finance, ICICI Securities, Navi Finserv), infrastructure (Adani Enterprises, Tata Power), and specialized finance companies.

Impact Justification

Routine trading suspension for commercial paper redemptions affecting multiple major issuers. Standard corporate action with limited market disruption as suspensions are temporary and specific to debt instruments.