Description

BSE lists new commercial paper securities from multiple companies including Time Technoplast, Muthoot Capital Services, Avanse Financial Services, HT Media, Infina Finance, and Bharat Heavy Electricals on the debt segment effective December 26, 2025.

Summary

BSE has listed new commercial paper securities issued on a private placement basis by six companies on its debt market segment effective December 26, 2025. The securities will trade in dematerialized form with a standard denomination of Rs. 5 lakhs and tick size of 1 paise.

Key Points

  • Time Technoplast Limited: 1,500 commercial papers of Rs. 5 lakh each, ISIN INE508G14ID1, 7.60% p.a., redemption on June 25, 2026
  • Muthoot Capital Services Ltd: 500 commercial papers of Rs. 5 lakh each, ISIN INE296G14610, 8.85% p.a., redemption on May 25, 2026
  • Avanse Financial Services Limited: 1,200 commercial papers of Rs. 5 lakh each, ISIN INE087P14788, 8.37% p.a., redemption on March 18, 2026
  • HT Media Ltd: 1,000 commercial papers of Rs. 5 lakh each, ISIN INE501G14EN4, 6.48% p.a., redemption on March 20, 2026
  • Infina Finance Private Limited: 2,000 commercial papers of Rs. 5 lakh each, ISIN INE879F14MH1, 6.78% p.a., redemption on March 25, 2026
  • All securities rated CRISIL A1+ and/or ICRA A1+
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot: 1

Regulatory Changes

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

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
  • Members requiring clarification may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Effective Trading Date: December 26, 2025
  • Allotment Dates: December 24-26, 2025 (varies by issuer)
  • Redemption Dates: March 18, 2026 to June 25, 2026 (varies by issuer)
  • Interest Payment: Cumulative basis on redemption date

Impact Assessment

Low impact on overall market. This is a routine administrative notification affecting only debt market participants and institutional investors trading in commercial paper. The listing provides additional short-term debt instruments for institutional investors with maturity periods ranging from 3 to 6 months. Interest rates range from 6.48% to 8.85% p.a., reflecting current market conditions and issuer credit profiles.

Impact Justification

Routine listing of commercial paper securities on debt segment affecting only debt market participants and institutional investors