Description
BSE suspends trading in commercial papers of 15 companies due to upcoming redemptions scheduled between February 9-12, 2026.
Summary
BSE has announced the suspension of trading in commercial papers issued by 15 companies due to record dates being fixed for redemption purposes. Trading members are advised not to deal in these commercial papers from their respective ’no dealings’ dates, which range from February 9-12, 2026.
Key Points
- 15 commercial papers will be suspended from trading in the debt segment
- All suspensions are due to redemption of commercial papers
- Suspensions take effect from the record date for each instrument
- Earliest suspension begins February 9, 2026 (Jindal Saw Ltd.)
- Majority of suspensions (13 out of 15) are scheduled for February 12, 2026
- Notice issued under corporate actions category for debt segment
Regulatory Changes
No regulatory changes introduced. This is a standard operational notice for scheduled commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the listed commercial papers from their respective ’no dealings’ dates
- Members should update their systems to reflect trading suspensions
- Ensure clients are informed about the suspension to prevent attempted trades
Important Dates
- February 6, 2026: Notice date
- February 9, 2026: Jindal Saw Ltd. (JSL-10-2-26-CP) - Trading suspended
- February 11, 2026: Muthoot Fincorp Limited (MFL-27-2-26-CP) - Trading suspended
- February 12, 2026: 13 commercial papers suspended including:
- Godrej Housing Finance Limited
- GIC Housing Finance Ltd.
- 360 ONE Prime Limited
- Julius Baer Capital (India) Private Limited
- Infina Finance Private Limited
- DSP Finance Private Limited
- Sharekhan Limited
- Manappuram Finance Limited
- Bajaj Financial Securities Limited
- Network 18 Media & Investments Limited
- Aditya Birla Housing Finance Limited
- Bajaj Finance Limited
- J.K. Cement Ltd.
Impact Assessment
Market Impact: Low to medium. The suspensions are routine and expected as part of normal commercial paper lifecycle management. Impact is limited to debt market participants holding or trading these specific instruments.
Operational Impact: Minimal. Standard procedure for commercial paper redemptions. Trading members need to update their systems and inform clients.
Investor Impact: Moderate for holders of these specific commercial papers who will receive redemption proceeds on the respective record dates. No impact on equity markets or other debt instruments.
Impact Justification
Routine commercial paper redemptions affecting debt market trading for 15 instruments. Limited broader market impact as suspensions are temporary and linked to scheduled redemptions.