Description
BSE advises trading members to suspend dealing in commercial papers of 17 companies including BPCL, Axis Finance, ICICI Home Finance, 360 ONE, Reliance Retail, and others ahead of their scheduled redemption record dates in May 2026.
Summary
BSE Notice No. 20260428-50 directs trading members to immediately cease dealing in the commercial papers (CPs) of 17 companies that have fixed record dates for CP redemption in May 2026. The suspension applies to the Debt segment and is a standard pre-redemption procedure to protect investors.
Key Points
- Trading in the listed commercial papers of all 17 companies must be suspended effective immediately.
- Record dates range from 12 May 2026 to 20 May 2026 (and beyond, as the list appears truncated).
- Settlement DRs cited are in the 628/2026–634/2026 range.
- Companies span sectors including oil & gas, NBFCs, housing finance, and wealth management.
- All listed ISINs are unique per CP issuance tranche.
Regulatory Changes
No new regulatory framework is introduced. This is a standing procedural instruction under BSE’s debt segment rules requiring suspension of CP trading ahead of the record date for redemption.
Compliance Requirements
- Trading Members: Must not execute any buy or sell transactions in the commercial papers listed below from the relevant ex-dates onward.
- Scrip IDs Affected: BPCL-13-05-26-CP, AXFL-18-5-26-CP, IHFC-18-5-26-CP, 360OPL-18-5-26-CP, BFSL-18-5-26-CP, MFL-18-05-26-CP, 360OWL-19-05-26-CP, JUPPL-19-05-26-CP, 360OAAML-19-05-26-CP, OPL-19-5-26-CP, IHFCL-20-5-26-CP, AAML-20-5-26-CP, RRVL-20-5-26-CP, PFL-20-5-26-CP, OWL-20-5-26-CP, BFSL-20-05-26-CP, AHFL-21-05-26-CP (and potentially more).
- Members must ensure no transactions are processed in these instruments beyond their respective ex-dates.
Important Dates
| Company | ISIN | Record Date | Ex Date |
|---|---|---|---|
| Bharat Petroleum Corpn. Ltd. | INE029A14BT2 | 12 May 2026 | 12 May 2026 |
| Axis Finance Limited | INE891K14PA4 | 15 May 2026 | 15 May 2026 |
| ICICI Home Finance Company Ltd | INE071G14HL5 | 17 May 2026 | 15 May 2026 |
| 360 ONE Prime Limited (731108) | INE248U14TA8 | 15 May 2026 | 15 May 2026 |
| Bajaj Financial Securities Ltd (731116) | INE01C314EH2 | 15 May 2026 | 15 May 2026 |
| Manappuram Finance Limited | INE522D14PE2 | 16 May 2026 | 15 May 2026 |
| 360 ONE WAM Limited (730594) | INE466L14FE6 | 18 May 2026 | 18 May 2026 |
| Jamnagar Utilities & Power Pvt Ltd | INE936D14402 | 18 May 2026 | 18 May 2026 |
| 360 ONE Alternates Asset Mgmt (731118) | INE0TQI14145 | 18 May 2026 | 18 May 2026 |
| 360 ONE Prime Limited (731122) | INE248U14TB6 | 18 May 2026 | 18 May 2026 |
| ICICI Home Finance Company Ltd (731126) | INE071G14HM3 | 19 May 2026 | 19 May 2026 |
| 360 ONE Alternates Asset Mgmt (731130) | INE0TQI14137 | 19 May 2026 | 19 May 2026 |
| Reliance Retail Ventures Limited | INE929O14ES0 | 19 May 2026 | 19 May 2026 |
| Poonawalla Fincorp Limited | INE511C14ZL1 | 19 May 2026 | 19 May 2026 |
| 360 ONE WAM Limited (731143) | INE466L14FV0 | 19 May 2026 | 19 May 2026 |
| Bajaj Financial Securities Ltd (731437) | INE01C314EY7 | 19 May 2026 | 19 May 2026 |
| Aadhar Housing Finance Limited | INE883F14112 | 20 May 2026 | 20 May 2026 |
Impact Assessment
This notice has a confined, procedural impact on the BSE debt segment. CP holders of the listed instruments will have their positions redeemed at face value on the respective record dates; no secondary market trading will be possible post ex-date. Equity markets and broader indices are unaffected. The issuers—including large names like BPCL and Reliance Retail Ventures—are simply maturing short-term debt instruments as scheduled. Debt market participants and treasury desks holding these CPs should plan liquidity accordingly ahead of the ex-dates in mid-May 2026.
Impact Justification
Routine debt market notice directing suspension of trading in commercial papers prior to redemption; affects debt segment participants and CP holders across 17 issuers but is a standard procedural action with no broader equity market impact.