Description

BSE lists three series of non-convertible debentures issued by Navi Finserv Limited on private placement basis, with interest rates ranging from 10% to 10.75% and maturities between 2027-2028.

Summary

BSE has listed three series of non-convertible debentures issued by Navi Finserv Limited on private placement basis, effective November 4, 2025. The securities will trade on the BSE Debt segment in dematerialized form only.

Key Points

  • Three debt security series listed with face value of Rs. 10,000 each
  • ISIN INE342T07601: 50,000 debentures at 10.75% p.a., maturing August 19, 2028 (CRISIL A/STABLE)
  • ISIN INE342T07569: 50,000 debentures at 10.60% p.a., maturing May 21, 2027 (IND A/Stable)
  • ISIN INE342T07650: 75,000 debentures at 10% p.a., maturing January 31, 2027 (IND A/Stable)
  • All securities offer monthly interest payments
  • No put or call options available
  • Market lot size: 1 unit
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Members should refer to the Placement Memorandum available at BSE’s debt memorandum portal for detailed information
  • Trading permitted only on BSE Debt segment

Important Dates

  • Date of Allotment: October 31, 2025 (all three series)
  • Listing Date: November 4, 2025
  • Redemption Dates:
    • INE342T07650: January 31, 2027
    • INE342T07569: May 21, 2027
    • INE342T07601: August 19, 2028

Impact Assessment

Limited market-wide impact as these are private placement debt securities targeted at institutional investors. The listing provides additional liquidity options for debenture holders. The credit ratings (CRISIL A/STABLE and IND A/Stable) indicate adequate safety for debt investors. Total issuance value of Rs. 175 crores (175,000 units × Rs. 10,000 face value) represents routine corporate funding activity.

Impact Justification

Routine listing of private placement debt securities with limited market-wide impact, relevant primarily to institutional investors and debt market participants