Description

BSE lists two new commercial paper issues by Navi Finserv Limited totaling ₹62 crore on private placement basis.

Summary

BSE has listed two new commercial paper issues by Navi Finserv Limited on its debt segment effective July 30, 2025. The instruments were issued on private placement basis with HDFC Bank Limited as the issuing and paying agent.

Key Points

  • Two commercial paper issues totaling ₹62 crore (240 + 500 units of ₹5 lakh each)
  • Both issues carry CARE A1+ and IND A1+ credit ratings
  • Issue prices: ₹4,76,705.50 and ₹4,88,307.50 per unit respectively
  • Date of allotment: July 29, 2025
  • Trading in dematerialized form only with ₹5 lakh minimum denomination

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members must trade securities only in dematerialized form
  • Trading permitted in standard denomination of ₹5 lakhs and multiples thereof
  • Tick size maintained at 1 paise

Important Dates

  • Allotment Date: July 29, 2025
  • Listing Date: July 30, 2025
  • Redemption Dates:
    • Issue 1 (NFL29725): January 27, 2026
    • Issue 2 (NFL29725A): October 29, 2025

Impact Assessment

Minimal market impact as this is a routine commercial paper listing. The instruments provide short-term funding options for Navi Finserv Limited and investment opportunities for institutional investors in the debt segment.

Impact Justification

Routine commercial paper listing with no significant market impact