Description

BSE announces listing of commercial papers from multiple companies including Reliance Retail Ventures, Nuvama Wealth Finance, Julius Baer Capital, Kotak Mahindra Prime, and ICICI Home Finance on the debt segment effective January 7, 2026.

Summary

BSE has listed commercial papers (CPs) issued by five companies on private placement basis on the debt market segment effective January 7, 2026. The securities will trade in dematerialized form only, with a standard denomination of Rs. 5 lakhs and multiples thereof, and a tick size of 1 paise.

Key Points

  • Reliance Retail Ventures Limited issued two tranches: 28,000 units maturing March 13, 2026 (6% p.a.) and 6,500 units maturing March 23, 2026 (6% p.a.)
  • Nuvama Wealth Finance Limited issued 300 units maturing April 7, 2026 at 7.50% p.a.
  • Julius Baer Capital (India) Private Limited issued 2,000 units maturing January 7, 2027 at 7.38% p.a.
  • Kotak Mahindra Prime Limited issued 6,500 units maturing January 5, 2027 at 7.05% p.a.
  • All securities have face value of Rs. 500,000 each
  • Trading only permitted in dematerialized form under specified ISIN numbers
  • Market lot is 1 unit for all listed securities
  • Credit ratings: CARE A1+/CRISIL A1+ or CRISIL A1+/ICRA A1+

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities to be traded using assigned scrip codes and ISIN numbers
  • For clarifications, trading members should contact debt department at BSE (phone: 22728352/8597/8995/5753/8915)

Important Dates

  • Effective Date: January 7, 2026
  • Allotment Dates: January 6-7, 2026 (varies by issuer)
  • Redemption Dates:
    • March 13, 2026 (RRVL - Scrip Code 730891)
    • March 23, 2026 (RRVL - Scrip Code 730892)
    • April 7, 2026 (NWFL - Scrip Code 730893)
    • January 5, 2027 (KMPL - Scrip Code 730894)
    • January 7, 2027 (JBCIPL - Scrip Code 730895)

Impact Assessment

Market Impact: Low - routine debt market listing expanding investment options for debt market participants.

Operational Impact: Trading members gain access to additional commercial paper instruments from well-rated issuers. The cumulative interest structure means investors receive principal and interest at maturity. All issuers carry top-tier credit ratings (A1+), indicating strong creditworthiness and low credit risk for investors.

Impact Justification

Routine listing notification for privately placed commercial papers on debt segment with standard trading parameters