Description
BSE suspends trading in commercial papers of BHEL, Bajaj Housing Finance, InCred Financial Services, and Nuvama Wealth due to upcoming redemptions with record dates set for January 14 and 19, 2026.
Summary
BSE has suspended trading in commercial papers of four companies effective from their respective record dates set for redemption purposes. Trading members are advised not to deal in these instruments from January 14, 2026 for BHEL and January 19, 2026 for the other three issuers.
Key Points
- Four companies have fixed record dates for commercial paper redemption
- Trading suspension applies to debt segment commercial papers
- Trading members must not execute deals in these instruments from the specified dates
- Notice issued under reference numbers DR-798/2025-2026 and DR-801/2025-2026
Affected Instruments
Bharat Heavy Electricals Ltd. (BHEL)
- ISIN: INE257A14AE3 (730821)
- Record Date: January 14, 2026
- No Dealings From: January 14, 2026
- Reference: DR-798/2025-2026
Bajaj Housing Finance Limited
- ISIN: INE377Y14BA5 (728615)
- Record Date: January 19, 2026
- No Dealings From: January 19, 2026
- Reference: DR-801/2025-2026
InCred Financial Services Limited
- ISIN: INE321N14307 (728619)
- Record Date: January 19, 2026
- No Dealings From: January 19, 2026
- Reference: DR-801/2025-2026
Nuvama Wealth and Investment Limited
- ISIN: INE523L14AO4 (730432)
- Record Date: January 19, 2026
- No Dealings From: January 19, 2026
- Reference: DR-801/2025-2026
Compliance Requirements
- Trading members must cease all trading activity in the specified commercial papers from the respective suspension dates
- Members should update their systems to prevent inadvertent trading in these instruments
- Compliance with record date requirements for redemption purposes
Important Dates
- January 14, 2026: Trading suspension and record date for BHEL commercial paper
- January 19, 2026: Trading suspension and record date for Bajaj Housing Finance, InCred Financial Services, and Nuvama Wealth commercial papers
Impact Assessment
This is a routine corporate action affecting the debt market segment. The suspension is temporary and limited to specific commercial paper instruments nearing maturity. Impact is confined to holders of these particular instruments who should prepare for redemption. No broader market implications expected as this is standard procedure for maturing commercial papers.
Impact Justification
Standard suspension for commercial paper redemption affecting four issuers; operational requirement with limited market-wide impact