Description
BSE suspends trading in commercial paper of 17 companies due to upcoming redemptions, effective from their respective record dates between January 12-16, 2026.
Summary
BSE has issued a notice suspending trading in commercial paper instruments of 17 companies due to scheduled redemptions. The suspensions will take effect from respective record dates ranging from January 12 to January 16, 2026. Trading members are advised not to deal in these commercial paper instruments from the specified no-dealings dates.
Key Points
- 17 commercial paper instruments from various issuers affected
- Suspensions due to redemption corporate actions
- Record dates range from January 12-16, 2026
- Trading suspension effective from respective record dates
- Notice number: 20260107-7, issued on January 7, 2026
- Category: Corporate Actions (Debt Segment)
Regulatory Changes
No regulatory changes. This is a standard operational notice for corporate actions in the debt market segment.
Compliance Requirements
- Trading members must not execute trades in the listed commercial paper instruments from their respective no-dealings dates
- Members must ensure compliance with the suspension dates for each instrument
- Reference notice numbers DR-796 through DR-800 for the financial year 2025-2026
Important Dates
| Company | ISIN | Record Date | No Dealings From |
|---|---|---|---|
| Adani Enterprises Ltd. | INE423A14YK8 | 12/01/2026 | 12/01/2026 |
| Axis Finance Limited | INE891K14PC0 | 14/01/2026 | 14/01/2026 |
| Bajaj Finance Limited (multiple CPs) | Various | 14/01/2026, 15/01/2026, 16/01/2026 | Same as record date |
| Julius Baer Capital (India) Pvt Ltd (2 CPs) | Various | 14/01/2026, 15/01/2026 | Same as record date |
| Navi Finserv Limited | INE342T14EP1 | 14/01/2026 | 14/01/2026 |
| Bajaj Housing Finance Limited | INE377Y14BT5 | 14/01/2026 | 14/01/2026 |
| Bajaj Financial Securities Limited (2 CPs) | Various | 14/01/2026, 15/01/2026 | Same as record date |
| ICICI Securities Limited | INE763G14WO0 | 15/01/2026 | 15/01/2026 |
| Tata Power Co. Ltd | INE245A14KJ6 | 15/01/2026 | 15/01/2026 |
| Infina Finance Private Limited | INE879F14LS0 | 15/01/2026 | 15/01/2026 |
| IndoStar Capital Finance Limited | INE896L14ES7 | 16/01/2026 | 16/01/2026 |
| Birla Group Holdings Private Limited | INE09OL14IA4 | 16/01/2026 | 16/01/2026 |
Impact Assessment
Market Impact: Medium - Affects liquidity in commercial paper instruments of major financial services companies and corporates during the suspension period. The staggered redemption dates spread the impact across multiple trading sessions.
Investor Impact: Investors holding these commercial papers will receive redemption proceeds as per the scheduled dates. No trading activity possible from the no-dealings dates.
Operational Impact: Trading members must update their systems to block trading in these 17 commercial paper ISINs from their respective suspension dates. Standard corporate action processing required for redemption settlements.
Scope: Limited to the debt market segment, specifically commercial paper instruments. Does not affect equity or other debt instruments of these issuers.
Impact Justification
Routine commercial paper redemption suspensions affecting multiple major issuers; impacts debt market participants but follows standard corporate action procedures