Description

BSE announces listing of new debt securities issued by Navi Finserv Limited on private placement basis, comprising three series of non-convertible debentures with varying tenures and interest rates.

Summary

BSE has listed three series of non-convertible debentures issued by Navi Finserv Limited on a private placement basis, effective November 18, 2025. The securities comprise 175,000 units of 10.30% debentures maturing September 2027, 75,000 units of 10.75% debentures maturing August 2028, and 5,000 units of 10.50% debentures maturing August 2027. All securities are CRISIL rated and will trade in dematerialized form only.

Key Points

  • Three series of NCDs listed on BSE Debt segment with effect from November 18, 2025
  • Series 1: 175,000 units at 10.30% p.a., face value Rs. 10,000, maturing September 30, 2027 (ISIN: INE342T07635)
  • Series 2: 75,000 units at 10.75% p.a., face value Rs. 10,000, maturing August 19, 2028 (ISIN: INE342T07601)
  • Series 3: 5,000 units at 10.50% p.a., face value Rs. 100,000, maturing August 27, 2027 (ISIN: INE342T07536)
  • All securities allotted on November 14, 2025 (except Series 3 allotted November 14, 2024)
  • Monthly interest payment frequency for all series
  • Credit rating: CRISIL A/STABLE for Series 1 and 2, CRISIL A for Series 3
  • No put/call options available
  • Market lot size: 1 unit for all series
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must note that these securities will trade only in dematerialized form under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available on BSE website for complete details
  • For clarifications, trading members may contact BSE debt department on specified phone numbers: 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: November 18, 2025
  • Allotment Date (Series 1 & 2): November 14, 2025
  • Allotment Date (Series 3): November 14, 2024
  • Redemption Date (Series 1): September 30, 2027
  • Redemption Date (Series 2): August 19, 2028
  • Redemption Date (Series 3): August 27, 2027

Impact Assessment

Market Impact: Minimal. This is a routine listing of privately placed debt securities that adds liquidity to the debt market segment but has no direct impact on equity markets or broader trading operations.

Operational Impact: Limited to debt segment participants. Trading members dealing in debt securities can now trade these NCDs through BSE’s debt platform.

Investor Impact: Provides institutional and qualified investors with additional fixed-income investment options offering yields between 10.30% to 10.75% per annum with monthly interest payments and tenures ranging from approximately 21 to 33 months.

Impact Justification

Routine listing announcement for debt securities on private placement basis with no market-wide implications