Description

BSE lists commercial papers from Time Technoplast, Muthoot Capital Services, Avanse Financial Services, HT Media, Infina Finance, and Bharat Heavy Electricals on private placement basis, effective December 26, 2025.

Summary

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

Key Points

  • Time Technoplast Limited: 1,500 CPs of Rs. 5 lakh each, ISIN INE508G14ID1, maturity June 25, 2026, 7.60% p.a., CRISIL A1+/ICRA A1+ rated
  • Muthoot Capital Services Ltd: 500 CPs of Rs. 5 lakh each, ISIN INE296G14610, maturity May 25, 2026, 8.85% p.a., CRISIL A1+ rated
  • Avanse Financial Services Limited: 1,200 CPs of Rs. 5 lakh each, ISIN INE087P14788, maturity March 18, 2026, 8.37% p.a., CRISIL A1+ rated
  • HT Media Ltd: 1,000 CPs of Rs. 5 lakh each, ISIN INE501G14EN4, maturity March 20, 2026, 6.48% p.a., CRISIL A1+/ICRA A1+ rated
  • Infina Finance Private Limited: 2,000 CPs of Rs. 5 lakh each, ISIN INE879F14MH1, maturity March 25, 2026, 6.78% p.a., CRISIL A1+/ICRA A1+ rated
  • Bharat Heavy Electricals Ltd: Details partially provided in source content
  • All securities trade in demat form only with market lot of 1
  • Trading denominations: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these commercial papers only in dematerialized form
  • Transactions must be in standard denomination of Rs. 5 lakhs and multiples
  • Trading members requiring clarifications should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: December 26, 2025 (effective today)
  • Allotment Dates: December 24-26, 2025 (varies by issuer)
  • Redemption Dates: Range from March 18, 2026 to June 25, 2026
    • Time Technoplast: June 25, 2026
    • Muthoot Capital Services: May 25, 2026
    • Avanse Financial Services: March 18, 2026
    • HT Media: March 20, 2026
    • Infina Finance: March 25, 2026

Impact Assessment

Market Impact: Minimal. This is a routine debt segment listing affecting only institutional investors and debt market participants. No impact on equity markets.

Investor Impact: Relevant only to institutional investors participating in debt market trading. All issuers carry high credit ratings (CRISIL A1+/ICRA A1+), indicating strong creditworthiness.

Liquidity: Adds short-term debt instruments (3-6 month tenure) to BSE debt segment, providing additional investment options for institutional cash management.

Operational: Trading members gain access to six new commercial paper instruments with varying interest rates (6.48% to 8.85% p.a.) and maturity profiles for portfolio diversification.

Impact Justification

Routine listing of commercial papers for institutional debt trading with no impact on equity markets or retail investors