Description

BSE suspends trading in commercial papers of 22 companies from January 22-23, 2026 due to redemption record dates.

Summary

BSE has announced the suspension of trading in commercial papers of 22 companies effective January 22-23, 2026. The suspension is due to companies fixing record dates for redemption purposes. Trading members are advised not to deal in these commercial papers from the specified dates.

Key Points

  • 22 commercial paper instruments suspended from trading
  • Suspensions effective from January 22, 2026 (11 instruments) and January 23, 2026 (11 instruments)
  • Purpose: Redemption of commercial papers
  • Reference: DR-804/2025-2026 and DR-805/2025-2026
  • Trading members instructed to cease dealing in these securities

Affected Instruments

Suspended from January 22, 2026:

  • ICICI Securities Limited (ISL-23-1-26-CP)
  • Birla Group Holdings Private Limited (BGHPL-23-3-25-CP)
  • Poonawalla Fincorp Limited (PFL-23-1-26-CP)
  • Bajaj Finance Limited (BFL-23-1-26-CP)
  • IGH Holdings Private Limited (IHPL-23-1-26-CP)
  • Credila Financial Services Limited (CFSL-23-1-26-CP)
  • Infina Finance Private Limited (IFPL-23-1-26-CP)
  • ICICI Home Finance Company Limited (IHFCL-23-1-26-CP)
  • Mirae Asset Sharekhan Financial Services Limited (MASFSL-23-1-26-CP)
  • 360 ONE Prime Limited (OPL-23-1-26-CP)
  • Kotak Mahindra Prime Limited (KMP-23-1-26-CP)

Suspended from January 23, 2026:

  • ICICI Securities Limited (ISL-27-1-26-CP)
  • Nuvama Clearing Services Limited (NCSL-27-1-26-CP)
  • Nuvama Wealth Finance Limited (NWFL-27-1-26-CP)
  • Navi Finserv Limited (NFL-27-01-26-CP)
  • Sterlite Technologies Limited (STL-27-1-26-CP)
  • Birla Group Holdings Private Limited (BGHPL-27-1-26-CP)
  • Julius Baer Capital (India) Private Limited (JBCIPL-27-1-26-CP)
  • Godrej Housing Finance Limited (GHFL-27-1-26-CP)
  • Poonawalla Fincorp Limited (PFL-27-01-26-CP)
  • SG Finserve Limited (SGFL-27-01-26-CP)
  • Mirae Asset Financial Services (India) Private Limited (MAFSIPL-27-01-26-CP)

Compliance Requirements

  • Trading members must not execute any trades in the specified commercial papers from the suspension dates
  • Members should ensure their systems reflect the trading suspension
  • No dealings permitted until redemption process is completed

Important Dates

  • January 19, 2026: Circular issued
  • January 22, 2026: Record date and suspension effective for 11 instruments
  • January 23, 2026: Record date and suspension effective for 11 instruments
  • January 24, 2026: Record date for Sterlite Technologies Limited
  • January 26, 2026: Record date for Navi Finserv Limited

Impact Assessment

This is a routine corporate action affecting the debt segment. The suspension impacts commercial paper investors and trading members dealing in these specific instruments. The action ensures orderly redemption process and protects investor interests by preventing trades after record date fixation. No broader market impact expected as this is standard procedure for maturing debt securities.

Impact Justification

Routine suspension for commercial paper redemption affecting 22 debt instruments. Standard corporate action with limited market-wide impact.