Description

BSE lists new commercial papers from Navi Finserv, Kotak Mahindra Prime, Tata Steel, Bajaj Financial Securities, and Aditya Birla Housing Finance on the debt segment, effective January 16, 2026.

Summary

BSE has listed new commercial papers issued on a private placement basis on its debt market segment effective January 16, 2026. The listing includes fresh issuances from Navi Finserv Limited, Kotak Mahindra Prime Limited, and Tata Steel Limited, as well as further issuances from Bajaj Financial Securities Limited, Kotak Mahindra Prime Limited, and Aditya Birla Housing Finance Limited. All securities will trade in dematerialized form with a standard denomination of Rs. 5 lakhs and tick size of 1 paise.

Key Points

  • Fresh listings include commercial papers from Navi Finserv (400 units, 10.30% p.a.), Kotak Mahindra Prime (4000 units, 7.28% p.a.), and Tata Steel (5000 units, 6.15% p.a.)
  • Further listings include Bajaj Financial Securities (1000 units, 6.65% p.a.), Kotak Mahindra Prime (500 units, 6.95% p.a.), and Aditya Birla Housing Finance
  • All commercial papers have face value of Rs. 500,000 each
  • Trading permitted only in dematerialized form under assigned ISIN numbers
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot: 1 unit for all securities
  • Credit ratings range from A1+ (CRISIL, ICRA, IND) to A1 (CARE)

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • For clarifications, trading members may contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Effective Date: January 16, 2026 (securities admitted to trading)
  • Redemption Dates: Range from February 3, 2026 to January 15, 2027 depending on the instrument
  • Allotment Dates: January 14-16, 2026

Impact Assessment

Market Impact: Low - This is a routine administrative listing announcement for debt instruments. The listing of commercial papers adds liquidity to the debt market segment but does not impact equity market operations or introduce new compliance obligations for equity trading members.

Operational Impact: Minimal - Only affects debt market participants who wish to trade these specific commercial paper instruments. No changes to trading systems or operational procedures.

Impact Justification

Routine listing of commercial papers on debt segment with no regulatory changes or compliance requirements for equity market participants