Description

BSE lists new Commercial Paper securities from multiple companies including 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 Paper securities issued on a private placement basis by multiple companies on the debt market segment effective January 16, 2026. The 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 Limited (400 units, 10.30% p.a.), Kotak Mahindra Prime Limited (4000 units, 7.28% p.a.), and Tata Steel Limited (5000 units, 6.15% p.a.)
  • Further listings include Commercial Papers from Bajaj Financial Securities Limited (1000 units, 6.65% p.a.), Kotak Mahindra Prime Limited (500 units, 7.25% p.a.), and Aditya Birla Housing Finance Limited
  • All securities trade only in dematerialized form under assigned ISIN numbers
  • Standard trading denomination is Rs.5 lakhs and multiples thereof
  • Tick size for all securities is 1 paise
  • Market lot is 1 for all listed securities

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be conducted in standard denominations of Rs.5 lakhs and multiples
  • Securities must be traded under their assigned ISIN numbers and scrip codes

Important Dates

  • Effective Date: January 16, 2026
  • Navi Finserv CP: Allotment 14/01/2026, Redemption 12/10/2026
  • Kotak Mahindra Prime CP (KMPL16126): Allotment 16/01/2026, Redemption 15/01/2027
  • Tata Steel CP: Allotment 14/01/2026, Redemption 30/03/2026
  • Bajaj Financial Securities CP: Allotment 14/01/2025, Redemption 03/02/2026
  • Kotak Mahindra Prime CP (KMP101225): Allotment 16/01/2026, Redemption 09/12/2026

Impact Assessment

Limited market impact as this is a routine administrative notice for debt securities listing. The circular primarily affects debt market participants and institutions trading in Commercial Paper. Trading members requiring clarifications can contact BSE debt department at specified phone numbers (22728352/8597/8995/5753/8915). The securities have credit ratings from CARE, CRISIL, ICRA, and IND ranging from A1 to A1+, indicating high credit quality.

Impact Justification

Routine listing notice for privately placed debt securities with limited market-wide impact