Description
BSE announces listing of commercial papers from multiple issuers including Infina Finance, Birla Group Holdings, Bajaj Finance, Aditya Birla Lifestyle Brands, and Navi Finserv on the debt market segment.
Summary
BSE has listed new commercial papers issued on private placement basis by multiple companies on its debt market segment effective December 22, 2025. The listed securities include commercial papers from Infina Finance Private Limited, Birla Group Holdings Private Limited, Bajaj Finance Limited (two tranches), Aditya Birla Lifestyle Brands Limited, and Navi Finserv Limited. All securities will be traded in dematerialized form only.
Key Points
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for all securities is 1 paise
- All securities traded only in dematerialized form under respective ISIN numbers
- Total of 6 commercial paper issuances listed
- Credit ratings: CRISIL A1+/ICRA A1+ for all listed papers
- Interest rates ranging from 6.15% to 7.45% per annum
Listed Securities Details
Infina Finance Private Limited
- Scrip Code: 730827, ISIN: INE879F14MG3
- Quantity: 3,000 units of Rs. 5 lakhs each
- Allotment Date: December 19, 2025
- Interest Rate: 7.45% p.a. (cumulative)
- Redemption Date: November 12, 2026
- Issue Price: Rs. 468,626.50
- Issuing Agent: Kotak Mahindra Bank Limited
Birla Group Holdings Private Limited
- Scrip Code: 730828, ISIN: INE09OL14IG1
- Quantity: 10,000 units of Rs. 5 lakhs each
- Allotment Date: December 22, 2025
- Interest Rate: 6.85% p.a. (cumulative)
- Redemption Date: March 23, 2026
- Issue Price: Rs. 491,604.50
- Issuing Agent: Axis Bank Limited
Bajaj Finance Limited (Tranche 1)
- Scrip Code: 730822, ISIN: INE296A14E04
- Quantity: 4,000 units of Rs. 5 lakhs each
- Allotment Date: December 19, 2025
- Interest Rate: 6.35% p.a. (cumulative)
- Redemption Date: January 22, 2026
- Issue Price: Rs. 497,060.00
- Issuing Agent: ICICI Bank Ltd
Bajaj Finance Limited (Tranche 2)
- Scrip Code: 730823, ISIN: INE296A14E12
- Quantity: 17,500 units of Rs. 5 lakhs each
- Allotment Date: December 19, 2025
- Interest Rate: 6.51% p.a. (cumulative)
- Redemption Date: March 16, 2026
- Issue Price: Rs. 492,360.00
- Issuing Agent: ICICI Bank Ltd
Aditya Birla Lifestyle Brands Limited
- Scrip Code: 730824, ISIN: INE14LE14061
- Quantity: 4,000 units of Rs. 5 lakhs each
- Allotment Date: December 19, 2025
- Interest Rate: 6.15% p.a. (cumulative)
- Redemption Date: March 18, 2026
- Issue Price: Rs. 492,613.00
- Issuing Agent: ICICI Bank Limited
Navi Finserv Limited
- Details provided partially in source document
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
- Trading members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915
Important Dates
- Listing Effective Date: December 22, 2025
- Allotment Dates: December 19, 2025 (multiple issuers) and December 22, 2025 (Birla Group Holdings)
- Redemption Dates: Range from January 22, 2026 to November 12, 2026 depending on issuer
Impact Assessment
This is a routine listing announcement with minimal market impact. The listing of commercial papers on the debt segment primarily affects institutional investors and debt market participants. The securities are short-term instruments (3-11 months tenure) issued by established companies with strong credit ratings (A1+). This provides additional investment options for institutional investors in the debt market but has no direct impact on equity markets or retail investors.
Impact Justification
Routine listing announcement for commercial papers on debt segment affecting institutional debt market participants only