Description

BSE announces the listing of two series of commercial paper issued by Navi Finserv Limited on private placement basis, totaling Rs. 450 crores, with redemption dates in December 2025 and January 2026.

Summary

BSE has listed two series of commercial paper issued by Navi Finserv Limited on private placement basis with effect from October 8, 2025. The first series comprises 800 units of Rs. 5 lakh each (total Rs. 400 crores) maturing on December 26, 2025, and the second series comprises 100 units of Rs. 5 lakh each (total Rs. 50 crores) maturing on January 2, 2026. Both instruments carry an IND A1+ credit rating and will be traded only in dematerialized form.

Key Points

  • Two series of commercial paper listed on BSE Debt segment effective October 8, 2025
  • Series 1 (NFL-26-12-25-CP): 800 units, face value Rs. 5 lakh each, ISIN INE342T14EL0
  • Series 2 (NFL-02-01-26-CP): 100 units, face value Rs. 5 lakh each, ISIN INE342T14EK2
  • Both series carry IND A1+ credit rating
  • Allotment date: October 7, 2025
  • HDFC Bank Limited acts as Issuing and Paying Agent
  • Trading in dematerialized form only
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for commercial paper issued on private placement basis.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Trading members should contact BSE debt department (22728352/8597/8995/5753/8915) for any clarifications

Important Dates

  • Allotment Date: October 7, 2025
  • Listing Date: October 8, 2025
  • Redemption Date (Series 1): December 26, 2025
  • Redemption Date (Series 2): January 2, 2026

Impact Assessment

Market Impact: Low. This is a routine commercial paper listing involving short-term debt instruments with tenure of approximately 2.5 to 3 months. The total issuance size of Rs. 450 crores is moderate.

Operational Impact: Minimal. Trading members can trade these instruments on BSE Debt segment using standard procedures. The instruments are rated IND A1+ indicating high credit quality and safety.

Investor Impact: Provides additional short-term debt investment options for institutional investors. The high credit rating (IND A1+) indicates low credit risk for investors.

Impact Justification

Routine commercial paper listing with standard terms. Limited market impact as it's private placement debt securities with short tenure.