Description

BSE lists five new commercial paper securities from Reliance Retail Ventures, Nuvama Wealth Finance, Julius Baer Capital, Kotak Mahindra Prime, and ICICI Home Finance on the debt market segment effective January 7, 2026.

Summary

BSE has listed five new commercial paper securities issued on a private placement basis by Reliance Retail Ventures Limited (2 issuances), Nuvama Wealth Finance Limited, Julius Baer Capital (India) Private Limited, Kotak Mahindra Prime Limited, and ICICI Home Finance Company Limited. These securities are admitted to trading on the BSE Debt Segment effective January 7, 2026. All securities will trade in dematerialized form only with standard denomination of Rs. 5 lakhs and multiples thereof.

Key Points

  • Five commercial paper issuances totaling 43,300 units (face value Rs. 500,000 each) have been listed
  • Reliance Retail Ventures issued 28,000 units (maturity: March 13, 2026) and 6,500 units (maturity: March 23, 2026) at 6% interest rate
  • Nuvama Wealth Finance issued 300 units maturing April 7, 2026 at 7.50% interest
  • Julius Baer Capital issued 2,000 units maturing January 7, 2027 at 7.38% interest
  • Kotak Mahindra Prime issued 6,500 units maturing January 5, 2027 at 7.05% interest
  • All securities carry CRISIL A1+ and/or CARE A1+/ICRA A1+ credit ratings
  • Trading permitted only in dematerialized form under respective ISIN numbers
  • Standard denomination is Rs. 5 lakhs with market lot of 1
  • Tick size for all securities is 1 paise

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Transactions must be in standard denomination of Rs. 5 lakhs and multiples thereof
  • All trades subject to the applicable BSE Debt Segment rules and regulations
  • For clarifications, trading members should contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Listing Effective Date: January 7, 2026
  • Reliance Retail CP 1: Allotment: January 6, 2026 | Redemption: March 13, 2026
  • Reliance Retail CP 2: Allotment: January 6, 2026 | Redemption: March 23, 2026
  • Nuvama Wealth CP: Allotment: January 7, 2026 | Redemption: April 7, 2026
  • Kotak Mahindra Prime CP: Allotment: January 7, 2026 | Redemption: January 5, 2027
  • Julius Baer Capital CP: Allotment: January 7, 2026 | Redemption: January 7, 2027

Impact Assessment

Market Impact: Low - This is a routine administrative listing of privately placed commercial paper securities with no direct impact on equity markets or broad market participants.

Operational Impact: Limited to debt segment trading members and institutional investors participating in the commercial paper market. Provides additional short-term debt instruments with varying tenures (67 days to 1 year) and interest rates (6% to 7.5%) for portfolio diversification.

Investor Impact: Relevant only to institutional investors and high net worth individuals participating in debt markets, as minimum investment is Rs. 5 lakhs. All issuers carry top-tier credit ratings (A1+), indicating strong creditworthiness.

Impact Justification

Routine listing of debt securities on private placement basis with no broad market impact, relevant only to debt segment participants and specific institutional investors