Description

Trading suspension for 14 commercial papers due to upcoming redemption with record dates between January 28 and February 3, 2026.

Summary

BSE has suspended trading in 14 commercial papers issued by 11 companies effective from their respective record dates. The suspensions are due to scheduled redemptions with record dates ranging from January 28, 2026 to February 3, 2026. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates.

Key Points

  • 14 commercial papers from 11 issuers suspended for redemption
  • Issuers include Adani Enterprises Ltd., SBICAP Securities, Tata Realty, 360 ONE entities, Bajaj Financial Securities, Network 18, Mahindra Lifespace, Aditya Birla Housing Finance, Axis Finance, Poonawalla Fincorp, and ICICI Securities
  • Suspension effective from respective record dates
  • Notice number: 20260122-5
  • Circular references: DR-807, DR-808, DR-811, and DR-812 of 2025-2026

Regulatory Changes

No regulatory changes. This is a standard operational notice for trading suspension.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the no-dealings dates
  • No transactions permitted in these instruments from their respective suspension dates

Important Dates

  • January 28, 2026: Record date and no dealings from date for:

    • Adani Enterprises Ltd. (INE423A14YL6)
    • SBICAP Securities Limited (INE212K14CO2)

  • January 29, 2026: Record date and no dealings from date for:

    • Tata Realty and Infrastructure Limited (INE371K14DB1)
    • Adani Enterprises Ltd. (INE423A14YO0)

  • February 2, 2026: Record date and no dealings from date for:

    • 360 ONE WAM LIMITED (INE466L14EE9)
    • Bajaj Financial Securities Limited (INE01C314DD3)
    • Network 18 Media & Investments Limited (INE870H14WD4)
    • Mahindra Lifespace Developers Ltd. (INE813A14375)
    • Aditya Birla Housing Finance Limited (INE831R14FI9)
    • Axis Finance Limited (INE891K14PO5)
    • POONAWALLA FINCORP LIMITED (INE511C14ZA4)

  • February 3, 2026: Record date and no dealings from date for:

    • ICICI Securities Limited (INE763G14WW3)
    • 360 ONE WAM LIMITED (INE466L14ED1)
    • 360 ONE Prime Limited (INE248U14QW8)

Impact Assessment

Market Impact: Low to medium. Standard redemption process affecting debt market participants dealing in commercial paper. The suspensions are temporary and related to maturity of instruments.

Operational Impact: Trading members must update their systems to prevent trades in these specific ISINs from the respective no-dealings dates. Investors holding these commercial papers will receive redemption proceeds as per the terms.

Liquidity Impact: Minimal as commercial papers are typically held till maturity. The suspensions align with scheduled redemptions and are expected market events.

Impact Justification

Routine trading suspension for commercial paper redemptions affecting multiple issuers. Standard market operations with no systemic impact.