Description

Trading suspension notice for commercial papers of 17 companies due to upcoming redemption with record dates between January 12-16, 2026.

Summary

BSE has issued a trading suspension notice for commercial papers of 17 companies scheduled for redemption between January 12-16, 2026. Trading members are advised not to deal in these commercial papers from their respective record dates. The suspension covers major financial institutions and corporates including Adani Enterprises, Bajaj Finance, Bajaj Housing Finance, Axis Finance, ICICI Securities, Tata Power, and others.

Key Points

  • Trading suspension applies to 17 commercial paper instruments from different issuers
  • Record dates range from January 12, 2026 to January 16, 2026
  • No dealings permitted from the respective record dates for each instrument
  • Notice references DR (Daily Report) numbers 796-800 for the period 2025-2026
  • All suspensions are for the purpose of commercial paper redemption
  • Trading members must not deal in these instruments from specified dates

Regulatory Changes

No new regulatory changes. This is a standard operational notice implementing existing commercial paper redemption procedures.

Compliance Requirements

  • Trading members must cease all dealings in the listed commercial papers from their respective “No Dealings From” dates
  • Trading members should update their systems to reflect trading suspensions
  • Ensure clients are informed about the suspension and redemption schedule

Important Dates

January 12, 2026:

  • Adani Enterprises Ltd. (AEL-13-01-26-CP, ISIN: INE423A14YK8) - Record date and trading suspension begins

January 14, 2026:

  • Axis Finance Limited (AFL-15-01-26-CP, ISIN: INE891K14PC0)
  • Bajaj Finance Limited (BFL-15-1-26-CP, ISIN: INE296A14C55)
  • Julius Baer Capital (India) Private Limited (JBC-15-1-26-CP, ISIN: INE824H14SN8)
  • Navi Finserv Limited (NFL-15-01-26-CP, ISIN: INE342T14EP1)
  • Bajaj Housing Finance Limited (BHFL-15-01-26-CP, ISIN: INE377Y14BT5)
  • Bajaj Financial Securities Limited (BFS-15-1-26-CP, ISIN: INE01C314DX1)

January 15, 2026:

  • Julius Baer Capital (India) Private Limited (JBCIPL-16-1-26-CP, ISIN: INE824H14RE9)
  • ICICI Securities Limited (ISL-16-1-26-CP, ISIN: INE763G14WO0)
  • Tata Power Co. Ltd (TPCL-16-01-26-CP, ISIN: INE245A14KJ6)
  • Infina Finance Private Limited (IFPL-16-01-26-CP, ISIN: INE879F14LS0)
  • Bajaj Finance Limited (BFL-16-1-26-CP, ISIN: INE296A14C89)
  • Bajaj Financial Securities Limited (BFSL-16-1-26-CP, ISIN: INE01C314ED1)

January 16, 2026:

  • IndoStar Capital Finance Limited (ICFL-19-01-26-CP, ISIN: INE896L14ES7)
  • Birla Group Holdings Private Limited (BGHPL-19-1-26-CP, ISIN: INE09OL14IA4)
  • Bajaj Finance Limited (BFL-19-1-26-CP, ISIN: INE296A14D05)

Impact Assessment

Market Impact: Medium - affects liquidity in commercial paper market for these specific instruments during redemption period. Standard process with limited broader market disruption.

Operational Impact: Debt market participants holding or trading these commercial papers must prepare for redemption. No secondary market trading available from suspension dates.

Sector Focus: Predominantly impacts financial services sector (NBFC, housing finance, securities firms) and select corporates (Adani Enterprises, Tata Power).

Investor Action: Holders of these commercial papers will receive redemption proceeds as per the instrument terms. No action required from investors beyond awaiting redemption settlement.

Impact Justification

Routine operational circular affecting commercial paper trading for multiple major companies; impacts debt market participants but is standard redemption process