Description
BSE suspends trading in commercial paper of 13 companies due to record dates fixed for redemption purposes effective February 13 and 16, 2026.
Summary
BSE has suspended trading in commercial paper instruments of 13 companies effective from their respective record dates. Five companies have record dates on February 13, 2026, and eight companies have record dates on February 16, 2026. The suspension is due to record dates being fixed for redemption of commercial paper. Trading members are advised not to deal in these instruments from the specified dates.
Key Points
- Total 13 commercial paper instruments affected by trading suspension
- Suspension effective from February 13, 2026 for 5 issuers: Manappuram Finance, Bajaj Financial Securities, Bombay Burmah Trading Corporation, DSP Finance, and Nuvama Wealth Finance
- Suspension effective from February 16, 2026 for 8 issuers: Godrej Housing Finance, Godrej Finance, Infina Finance, Capri Global Capital, Jamnagar Utilities & Power, 360 ONE WAM, J.K. Cement, and Tata Steel
- All suspensions are due to redemption of commercial paper
- Trading members explicitly advised not to deal in listed commercial paper from no dealings date
- Notice issued under DR-820/2025-2026 and DR-821/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard operational notice implementing existing regulations regarding trading suspension for securities approaching redemption.
Compliance Requirements
- Trading members must cease dealing in the specified commercial paper instruments from the respective no dealings dates
- No trading permitted in 5 commercial paper instruments from February 13, 2026
- No trading permitted in 8 commercial paper instruments from February 16, 2026
- Compliance mandatory for all BSE debt segment trading members
Important Dates
- February 10, 2026: Notice issue date
- February 13, 2026: Record date and no dealings date for Manappuram Finance (INE522D14OX5), Bajaj Financial Securities (INE01C314DJ0), Bombay Burmah Trading Corporation (INE050A14895), DSP Finance (INE422H14107), and Nuvama Wealth Finance (INE918K14CW7)
- February 16, 2026: Record date and no dealings date for Godrej Housing Finance (INE02JD14609), Godrej Finance (INE02KN14440), Infina Finance (INE879F14KJ1), Capri Global Capital (INE180C14573), Jamnagar Utilities & Power (INE936D14394), 360 ONE WAM (INE466L14FD8), J.K. Cement (INE823G14BE7), and Tata Steel (INE081A14GM7)
Impact Assessment
Market Impact: Limited to debt segment participants holding or trading commercial paper of the 13 specified issuers. No impact on equity markets or other debt instruments.
Investor Impact: Holders of these commercial paper instruments will receive redemption proceeds as per the fixed record dates. Secondary market liquidity ceases from suspension dates.
Operational Impact: Trading desks must update their systems to block trading in the 13 ISINs from respective dates. Relatively routine operational adjustment for debt market participants.
Issuer Profile: Mix of financial services companies (Manappuram, Bajaj Financial Securities, DSP Finance, Nuvama, Godrej entities, Infina, Capri Global, 360 ONE) and industrial corporates (Bombay Burmah, Jamnagar Utilities, J.K. Cement, Tata Steel), indicating diverse sectoral exposure in commercial paper redemptions.
Impact Justification
Operational notice affecting debt market trading for 13 issuers; impacts commercial paper holders and traders but limited to specific redemption events