Description

BSE announces listing of new commercial paper securities issued by Reliance Retail Ventures, Nuvama Wealth Finance, Julius Baer Capital, Kotak Mahindra Prime, and ICICI Home Finance on the debt segment.

Summary

BSE notifies trading members of the listing of new commercial paper securities issued on private placement basis by five companies. The securities are admitted to trading on the BSE Debt Segment effective January 7, 2026. All securities will trade in dematerialized form with standard denomination of Rs.5 lakhs and multiples thereof, with a tick size of 1 paise.

Key Points

  • Five companies have listed commercial paper securities totaling 43,300 units worth Rs.21.65 billion
  • Reliance Retail Ventures Limited issued two tranches: 28,000 units (RRVL-13-3-26-CP) and 6,500 units (RRVL-23-3-26-CP) at 6% p.a.
  • Nuvama Wealth Finance Limited issued 300 units at 7.50% p.a. maturing April 7, 2026
  • Julius Baer Capital (India) Private Limited issued 2,000 units at 7.38% p.a. with 1-year maturity
  • Kotak Mahindra Prime Limited issued 6,500 units at 7.05% p.a. maturing January 5, 2027
  • All securities rated A1+ by CRISIL, CARE, or ICRA
  • Trading only in dematerialized form under specified ISIN numbers
  • Standard lot size of 1 unit, face value Rs.5 lakh each

Regulatory Changes

No regulatory changes. This is a standard listing notification under existing BSE debt market framework.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading denomination: Rs.5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Queries to be directed to BSE debt department at specified contact numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Effective Date: January 7, 2026 (listing and trading commencement)
  • Allotment Dates: January 6-7, 2026
  • Redemption Dates:
    • RRVL (Tranche 1): March 13, 2026
    • RRVL (Tranche 2): March 23, 2026
    • Nuvama Wealth Finance: April 7, 2026
    • Kotak Mahindra Prime: January 5, 2027
    • Julius Baer Capital: January 7, 2027

Impact Assessment

Minimal market impact. This is a routine administrative notification for debt market participants. The listing adds Rs.21.65 billion in commercial paper to BSE’s debt segment. Interest rates range from 6% to 7.50% p.a., reflecting current market conditions. All issuers carry highest short-term credit ratings (A1+), indicating strong creditworthiness. Impact limited to institutional investors and trading members dealing in debt securities.

Impact Justification

Routine notification of commercial paper listings on debt segment with standard trading parameters. Limited impact beyond debt market participants.