Description

BSE announces listing of two series of Commercial Paper issued by Navi Finserve Limited on private placement basis, totaling 960 securities with face value of Rs. 5 lakhs 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 comprises 660 securities maturing on April 13, 2026, and the second series comprises 300 securities maturing on March 20, 2026. Both series have a face value of Rs. 5,00,000 each and carry 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 securities (ISIN: INE342T14EM8, Scrip Code: 730369) maturing April 13, 2026
  • Series 2: 300 securities (ISIN: INE342T14EN6, Scrip Code: 730370) maturing March 20, 2026
  • Face value and paid-up value: Rs. 5,00,000 per security for both series
  • Issue price: Rs. 476,794.00 (Series 1) and Rs. 480,680.50 (Series 2)
  • Date of allotment: October 8, 2025
  • Credit rating: IND A1+ for both series
  • Trading only in dematerialized form with standard denomination of Rs. 5 lakhs and multiples
  • Tick size: 1 paise
  • Issuing and Paying Agent: HDFC Bank Limited

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

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 is 1 security

Important Dates

  • October 8, 2025: Date of allotment for both series
  • October 9, 2025: Listing and commencement of trading on BSE Debt segment
  • March 20, 2026: Redemption date for Series 2 (ISIN: INE342T14EN6)
  • April 13, 2026: Redemption date for Series 1 (ISIN: INE342T14EM8)

Impact Assessment

This is a routine debt instrument listing with minimal market impact. The listing provides short-term funding options for Navi Finserve Limited and investment opportunities for institutional investors in the debt market. The high credit rating (IND A1+) indicates strong creditworthiness. Trading members dealing in debt securities should note the new scrip codes and ISIN numbers for order placement and settlement purposes.

Impact Justification

Routine commercial paper listing with no broader market implications. Relevant only to debt market participants dealing with Navi Finserve instruments.