Description

BSE suspends trading in commercial papers of 14 companies including Adani Enterprises, SBICAP Securities, Tata Realty, and others due to upcoming redemption between January 28 and February 4, 2026.

Summary

BSE has issued a notice (No. 20260122-5) informing trading members about the suspension of trading in commercial papers of 14 companies due to scheduled redemptions. The suspensions will take effect from the respective record dates, ranging from January 28, 2026 to February 4, 2026. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates.

Key Points

  • 14 commercial paper instruments affected across multiple issuers
  • Suspensions implemented due to redemption record dates
  • Trading members must cease dealing from specified dates
  • Notice issued under Corporate Actions category for Debt Segment
  • Includes major corporates like Adani Enterprises (2 CPs), Tata Realty, ICICI Securities, Bajaj Financial Securities
  • Financial services companies prominently represented (SBICAP, Axis Finance, Poonawalla Fincorp, Aditya Birla Housing Finance)
  • 360 ONE group has 3 commercial papers listed for redemption

Regulatory Changes

No regulatory changes introduced. This is a standard operational notice informing market participants about scheduled commercial paper redemptions and corresponding trading suspensions.

Compliance Requirements

  • Trading members must not execute any trades in the listed commercial papers from the specified “No Dealings From” dates
  • Compliance with record date requirements for redemption purposes
  • Adherence to Debt Registry (DR) notifications referenced in the circular

Important Dates

January 28, 2026:

  • Adani Enterprises Ltd. (INE423A14YL6) - Record Date & No Dealings From
  • SBICAP Securities Limited (INE212K14CO2) - Record Date & No Dealings From

January 29, 2026:

  • Tata Realty and Infrastructure Limited (INE371K14DB1) - Record Date & No Dealings From
  • Adani Enterprises Ltd. (INE423A14YO0) - Record Date & No Dealings From

February 2, 2026:

  • 360 ONE WAM LIMITED (INE466L14EE9) - Record Date & No Dealings From
  • Bajaj Financial Securities Limited (INE01C314DD3) - Record Date & No Dealings From
  • Network 18 Media & Investments Limited (INE870H14WD4) - Record Date & No Dealings From
  • Mahindra Lifespace Developers Ltd. (INE813A14375) - Record Date & No Dealings From
  • Aditya Birla Housing Finance Limited (INE831R14FI9) - Record Date & No Dealings From
  • Axis Finance Limited (INE891K14PO5) - Record Date & No Dealings From
  • POONAWALLA FINCORP LIMITED (INE511C14ZA4) - Record Date & No Dealings From

February 3, 2026:

  • ICICI Securities Limited (INE763G14WW3) - Record Date & No Dealings From
  • 360 ONE WAM LIMITED (INE466L14ED1) - Record Date & No Dealings From
  • 360 ONE Prime Limited (INE248U14QW8) - Record Date & No Dealings From

Impact Assessment

Market Impact: Medium - affects debt market liquidity for specific commercial paper instruments during redemption period. Multiple high-profile corporate issuers involved.

Operational Impact: Trading members holding or dealing in these commercial papers must ensure no transactions occur from the specified dates. Investors holding these instruments will receive redemption proceeds as per the record date eligibility.

Sectoral Concentration: Significant representation from financial services sector (NBFC, securities firms, housing finance) indicates normal commercial paper market activity. Infrastructure and conglomerate sectors also represented through Adani Enterprises and Tata Realty.

Duration: Short-term impact as suspensions are linked to specific redemption events. Normal trading will resume post-redemption settlement.

Impact Justification

Routine commercial paper redemption affecting 14 companies with trading suspensions. Standard corporate action with limited broader market impact, primarily affecting debt market participants and specific CP holders.