Description
BSE advises trading members to suspend dealing in commercial papers of 13 issuances across 7 companies ahead of their respective redemption record dates between May 11–21, 2026.
Summary
BSE Notice No. 20260507-2 instructs all trading members to cease dealing in the commercial papers of 7 companies across 13 scrip codes. The suspension is triggered by each issuer fixing a Record Date for the purpose of Redemption of their respective Commercial Paper instruments. Record dates fall between May 11 and May 21, 2026.
Key Points
- Trading members must not deal in the listed commercial papers effective from the respective ex-dates, which coincide with the record dates.
- 13 commercial paper instruments across 7 issuers are affected.
- All suspension settlement references fall under DR 627/2026-2027 through DR 635/2026-2027.
- Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations.
Regulatory Changes
No new regulatory framework changes. This notice is an operational directive under BSE’s existing Listing Compliance procedures governing debt segment corporate actions.
Compliance Requirements
- Trading members must immediately stop trading in the commercial papers listed below from their respective ex-dates.
- Members must update their systems to block transactions in the specified ISIN codes on and after the stated ex-dates.
Important Dates
| Scrip Code | Company | ISIN | Record / Ex Date |
|---|---|---|---|
| 731067 | Adani Enterprises Ltd. | INE423A14YY9 | 11 May 2026 |
| 731104 | Standard Chartered Securities (India) Ltd. | INE472H14797 | 12 May 2026 |
| 731089 | Nuvama Wealth Finance Limited | INE918K14DC7 | 13 May 2026 |
| 730105 | Arka Fincap Limited | INE03W114716 | 14 May 2026 |
| 731086 | Nuvama Wealth and Investment Limited | INE523L14BB9 | 14 May 2026 |
| 730447 | Nuvama Wealth and Investment Limited | INE523L14AP1 | 15 May 2026 |
| 731101 | IGH Holdings Private Limited | INE02FN14754 | 15 May 2026 |
| 729455 | Birla Group Holdings Private Limited | INE09OL14HH1 | 19 May 2026 |
| 731123 | IGH Holdings Private Limited | INE02FN14762 | 19 May 2026 |
| 730638 | Nuvama Wealth and Investment Limited | INE523L14AR7 | 20 May 2026 |
| 729472 | Birla Group Holdings Private Limited | INE09OL14HG3 | 21 May 2026 |
| 731145 | IGH Holdings Private Limited | INE02FN14770 | 21 May 2026 |
| 731153 | CNH Industrial Capital (India) Private Limited | INE0P4D14267 | 21 May 2026 |
Impact Assessment
Impact is limited to the debt segment. These are routine pre-redemption trading suspensions and do not signal financial distress. Holders of these commercial papers should note that the instruments will be redeemed on their respective record dates. No equity market impact is expected. Nuvama Wealth entities account for 4 of the 13 suspensions, and IGH Holdings accounts for 3, reflecting concentrated near-term redemption activity for these frequent CP issuers.
Impact Justification
Routine operational notice suspending trading in commercial papers ahead of scheduled redemptions; affects debt segment only, with no broader equity market implications.