Description
Trading suspension announced for commercial papers of 17 companies including Adani Enterprises, Bajaj Finance, and ICICI Securities due to upcoming redemption record dates between January 12-16, 2026.
Summary
BSE has announced the suspension of trading in commercial papers issued by 17 companies with record dates fixed between January 12-16, 2026 for redemption purposes. Trading members are advised not to deal in these commercial papers from their respective no-dealings dates. The circular affects major financial institutions and corporate entities including Adani Enterprises, Bajaj Finance, Bajaj Housing Finance, Axis Finance, ICICI Securities, Tata Power, and others.
Key Points
- 17 commercial papers suspended for trading due to redemption record dates
- Record dates range from January 12, 2026 to January 16, 2026
- No dealings permitted from respective record dates
- Issuers include major financial services companies and corporates
- Notice Number: 20260107-7 with DR references from DR-796 to DR-800/2025-2026
- Covers both NBFC and corporate issuers across various sectors
Regulatory Changes
No regulatory changes. This is a standard corporate action notification for commercial paper redemption.
Compliance Requirements
- Trading members must not execute any trades in the listed commercial papers from their respective no-dealings dates
- Compliance required for all commercial papers listed with their specific ISIN codes
- Trading suspension effective from record date for each instrument
Important Dates
- January 12, 2026: Record date and no dealings from date for Adani Enterprises Ltd. CP (INE423A14YK8)
- January 14, 2026: Record date for 6 commercial papers including Axis Finance, Bajaj Finance, Julius Baer Capital, Navi Finserv, Bajaj Housing Finance, and Bajaj Financial Securities
- January 15, 2026: Record date for 6 commercial papers including Julius Baer Capital, ICICI Securities, Tata Power, Infina Finance, Bajaj Finance, and Bajaj Financial Securities
- January 16, 2026: Record date for 3 commercial papers including IndoStar Capital Finance, Birla Group Holdings, and Bajaj Finance
Impact Assessment
Market Impact: Low to medium - Routine redemption process for commercial papers with temporary trading suspension. No significant market disruption expected as this is a standard corporate action.
Operational Impact: Trading members must update their systems to prevent trades in affected commercial papers from specified dates. Affects debt market segment operations temporarily.
Investor Impact: Investors holding these commercial papers will receive redemption proceeds as per the terms. No trading opportunity available from record dates, but this is expected for maturing instruments.
Liquidity Impact: Temporary removal of trading facility for 17 commercial papers, but impact limited as instruments are approaching maturity and redemption.
Impact Justification
Routine trading suspension for commercial paper redemption affecting multiple major issuers. Standard corporate action with defined timeline and no market disruption expected.