Description

BSE announces listing of two series of Commercial Paper issued by Navi Finserve Limited on private placement basis, totaling 960 units with face value of Rs. 5,00,000 each.

Summary

BSE has listed two series of Commercial Paper issued by Navi Finserve Limited on private placement basis, effective October 9, 2025. The first series consists of 660 units maturing on April 13, 2026, and the second series consists of 300 units maturing on March 20, 2026. Both series have a face value of Rs. 5,00,000 per unit and carry an IND A1+ credit rating. HDFC Bank Limited acts as the Issuing and Paying Agent.

Key Points

  • Two series of Commercial Paper listed on BSE Debt segment
  • Series 1: 660 units (ISIN: INE342T14EM8, Scrip Code: 730369) maturing April 13, 2026
  • Series 2: 300 units (ISIN: INE342T14EN6, Scrip Code: 730370) maturing March 20, 2026
  • Face value: Rs. 5,00,000 per unit for both series
  • Issue prices: Rs. 476,794 (Series 1) and Rs. 480,680.50 (Series 2)
  • Allotment date: October 8, 2025
  • Credit rating: IND A1+ for both series
  • Trading in dematerialized form only
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes announced in this circular.

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
  • Market lot size is 1 unit
  • Members should contact BSE debt department (contacts: 22728352/8597/8995/5753/8915) for any clarifications

Important Dates

  • Listing Date: October 9, 2025
  • Allotment Date: October 8, 2025
  • Series 1 Redemption: April 13, 2026
  • Series 2 Redemption: March 20, 2026

Impact Assessment

This is a routine debt market listing with minimal impact on broader market operations. The listing expands debt market investment options for institutional and qualified investors. The IND A1+ credit rating indicates high credit quality for short-term debt. Impact is limited to debt market participants, particularly those investing in commercial paper instruments. Trading members dealing in debt securities should update their systems with the new scrip codes and ISIN numbers.

Impact Justification

Routine commercial paper listing announcement with limited market-wide impact, relevant primarily to debt market participants and investors in Navi Finserve instruments