Description

BSE announces listing of commercial papers from Tata Housing Development, ICICI Securities Primary Dealership, Tata Steel, Muthoottu Mini Financiers, and Nuvama Wealth on the debt market segment effective January 8, 2026.

Summary

BSE has listed new commercial papers issued on a private placement basis by five companies on its debt market segment effective January 8, 2026. The listed securities include commercial papers from Tata Housing Development Company Limited, ICICI Securities Primary Dealership Limited, Tata Steel Limited (two issuances), Muthoottu Mini Financiers Limited, and Nuvama Wealth and Investment Limited. All securities will trade only in dematerialized form with a standard denomination of Rs. 5 lakhs and multiples thereof.

Key Points

  • Five companies have listed commercial papers totaling 38,400 units (Rs. 1,920 crores aggregate)
  • All securities trade only in demat form under respective ISIN numbers
  • Standard denomination: Rs. 5 lakhs and multiples
  • Tick size: 1 paise
  • Market lot: 1 unit
  • Interest rates range from 6% to 9.65% per annum
  • Maturity periods range from 41 to 90 days
  • All issuances carry A1+ credit ratings from various agencies

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

Important Dates

  • Effective Date of Listing: January 8, 2026
  • Tata Housing Development CP: Allotment January 7, 2026; Redemption February 25, 2026
  • ICICI Securities Primary Dealership CP: Allotment January 8, 2026; Redemption March 16, 2026
  • Tata Steel CP (First Issue): Allotment January 7, 2026; Redemption February 17, 2026
  • Tata Steel CP (Second Issue): Allotment January 7, 2026; Redemption March 25, 2026
  • Muthoottu Mini Financiers CP: Allotment January 7, 2026; Redemption April 7, 2026

Impact Assessment

Minimal market impact. This is a routine operational circular for debt market participants. The listing provides institutional investors with additional short-term debt investment options from investment-grade issuers. The commercial papers carry strong credit ratings (A1+ from CARE, CRISIL, ICRA, and IND) and offer competitive interest rates. Impact is limited to debt market segment participants and does not affect equity markets or retail investors.

Commercial Paper Details

Tata Housing Development Company Limited

  • Scrip Code: 730899 (THDC070126)
  • ISIN: INE582L14JF9
  • Quantity: 6,200 units (Rs. 310 crores)
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,95,873
  • Interest Rate: 6.20% p.a.
  • Redemption: February 25, 2026
  • Rating: CARE A+, IND A1+
  • Paying Agent: HDFC Bank

ICICI Securities Primary Dealership Limited

  • Scrip Code: 730901 (ISPD080126)
  • ISIN: INE849D14HY4
  • Quantity: 7,000 units (Rs. 350 crores)
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,94,194
  • Interest Rate: 6.40% p.a.
  • Redemption: March 16, 2026
  • Rating: CRISIL A1+, ICRA A1+
  • Paying Agent: ICICI Bank Ltd

Tata Steel Limited (First Issue)

  • Scrip Code: 730900 (TSL070126)
  • ISIN: INE081A14GM7
  • Quantity: 12,000 units (Rs. 600 crores)
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,96,652.50
  • Interest Rate: 6% p.a.
  • Redemption: February 17, 2026
  • Rating: ICRA A1+, IND A1+
  • Paying Agent: HDFC Bank Limited

Tata Steel Limited (Second Issue)

  • Scrip Code: 730902 (TSL070126A)
  • ISIN: INE081A14GL9
  • Quantity: 13,000 units (Rs. 650 crores)
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,93,699
  • Interest Rate: 6.05% p.a.
  • Redemption: March 25, 2026
  • Rating: ICRA A1+, IND A1+
  • Paying Agent: HDFC Bank Limited

Muthoottu Mini Financiers Limited

  • Scrip Code: 730903 (MMFL070126)
  • ISIN: INE101Q14314
  • Quantity: 200 units (Rs. 10 crores)
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,88,379
  • Interest Rate: 9.65% p.a.
  • Redemption: April 7, 2026
  • Rating: CARE A1+
  • Paying Agent: HDFC Bank Limited

Impact Justification

Routine listing of debt securities on private placement basis affecting institutional investors in debt market segment only