Description
Trading suspended in commercial papers of BHEL, Bajaj Housing Finance, InCred Financial Services, and Nuvama Wealth due to redemption record dates.
Summary
BSE has suspended trading in commercial papers of four companies effective from their respective record dates for redemption purposes. Trading members are advised not to deal in these commercial papers from the specified dates.
Key Points
- Four companies have fixed record dates for commercial paper redemption
- Trading suspension applies from the record date for each issuer
- Affects debt segment operations
- Notice number: 20260112-16, issued January 12, 2026
Commercial Papers Affected
| Company | ISIN | Record Date | No Dealings From |
|---|---|---|---|
| Bharat Heavy Electricals Ltd. | INE257A14AE3 (730821) | January 14, 2026 | January 14, 2026 |
| Bajaj Housing Finance Limited | INE377Y14BA5 (728615) | January 19, 2026 | January 19, 2026 |
| InCred Financial Services Limited | INE321N14307 (728619) | January 19, 2026 | January 19, 2026 |
| Nuvama Wealth and Investment Limited | INE523L14AO4 (730432) | January 19, 2026 | January 19, 2026 |
Compliance Requirements
- Trading members must not execute any trades in the specified commercial papers from their respective suspension dates
- Members should update their systems to reflect the trading suspension
- Ensure clients are informed about the suspension
Important Dates
- January 14, 2026: Trading suspension for BHEL commercial paper (DR-798/2025-2026)
- January 19, 2026: Trading suspension for Bajaj Housing Finance, InCred Financial Services, and Nuvama Wealth commercial papers (DR-801/2025-2026)
Impact Assessment
This is a routine corporate action with limited market impact. Investors holding these commercial papers will receive redemption proceeds as per the terms. The suspension prevents any trading activity that could interfere with the redemption process. Market liquidity in these specific instruments will be temporarily unavailable, but this is standard procedure for maturing commercial papers.
Impact Justification
Routine suspension of commercial paper trading due to redemption. Affects multiple issuers but standard corporate action with predefined dates.