Description

Trading suspended for commercial papers of BHEL, Bajaj Housing Finance, InCred Financial Services, and Nuvama Wealth due to upcoming redemptions.

Summary

BSE has suspended trading in commercial papers issued by four companies effective from their respective record dates set 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 onwards
  • Affects debt segment commercial papers
  • Notice issued under Corporate Actions category
  • Reference numbers DR-798/2025-2026 and DR-801/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard operational notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the respective no-dealings dates
  • Trading members should update their systems to reflect trading suspensions
  • Investors holding these commercial papers should note redemption dates

Important Dates

Bharat Heavy Electricals Ltd. (BHEL)

  • ISIN: INE257A14AE3
  • Record Date: January 14, 2026
  • No Dealings From: January 14, 2026

Bajaj Housing Finance Limited (BHFL)

  • ISIN: INE377Y14BA5
  • Record Date: January 19, 2026
  • No Dealings From: January 19, 2026

InCred Financial Services Limited (IFSL)

  • ISIN: INE321N14307
  • Record Date: January 19, 2026
  • No Dealings From: January 19, 2026

Nuvama Wealth and Investment Limited (NWI)

  • ISIN: INE523L14AO4
  • Record Date: January 19, 2026
  • No Dealings From: January 19, 2026

Impact Assessment

Market Impact: Limited to holders and traders of these specific commercial papers. Does not affect equity markets or other debt instruments.

Operational Impact: Trading members must ensure systems are updated to prevent trades in suspended instruments. Investors holding these papers will receive redemption proceeds as per terms.

Liquidity Impact: Temporary suspension affects liquidity for these specific commercial papers until redemption is completed. Standard procedure for maturing debt instruments.

Impact Justification

Affects specific commercial paper instruments from four issuers with short-term trading suspensions for redemption purposes