Description

Fresh listing of commercial papers from five companies including Birla Group Holdings, 360 ONE Alternates, Bajaj Financial Securities, Samvardhana Motherson International, and Nuvama Wealth on BSE Debt Segment.

Summary

BSE notified trading members of fresh listings of commercial papers issued on private placement basis by five companies effective January 21, 2026. The securities are admitted to trading on BSE Debt Segment in dematerialized form with standard denomination of Rs.5 lakhs and tick size of 1 paise.

Key Points

  • Five companies listed commercial papers totaling 10,200 units (Rs.5,100 crores aggregate)
  • Birla Group Holdings: 2,000 units, 7.89% p.a., maturing January 21, 2027
  • 360 ONE Alternates: 200 units, 8% p.a., maturing January 19, 2027
  • Bajaj Financial Securities: 1,000 units, 6.29% p.a., maturing January 30, 2026 (shortest tenure)
  • Samvardhana Motherson International: 5,000 units (largest issue), 6.35% p.a., maturing March 11, 2026
  • Nuvama Wealth: 2,000 units, 7.45% p.a., maturing February 20, 2026
  • All securities carry high credit ratings (A1+ from CRISIL/ICRA/CARE/IND)
  • Trading only in dematerialized form with standard lot of Rs.5 lakhs

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under specified ISIN numbers
  • Standard denomination of Rs.5 lakhs and multiples thereof must be maintained
  • Tick size of 1 paise applies to all listed commercial papers
  • For clarifications, members should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: January 21, 2026 (effective today)
  • Allotment Dates: January 20-21, 2026
  • Redemption Dates:
    • January 30, 2026 (Bajaj Financial Securities)
    • February 20, 2026 (Nuvama Wealth)
    • March 11, 2026 (Samvardhana Motherson International)
    • January 19, 2027 (360 ONE Alternates)
    • January 21, 2027 (Birla Group Holdings)

Impact Assessment

Market Impact: Minimal. These are privately placed debt instruments with limited secondary market liquidity. The listings expand debt market depth marginally.

Operational Impact: Routine for trading members. Standard debt trading protocols apply with no special requirements.

Investor Impact: Provides institutional investors with additional short-to-medium term debt instruments from highly rated issuers. Interest rates range from 6.29% to 8% p.a., reflecting prevailing money market conditions and issuer credit profiles.

Impact Justification

Routine listing notification for privately placed commercial papers with short-term maturities (10 days to 1 year). Limited impact on secondary market trading.