Description

BSE lists new commercial paper securities from 360 ONE Alternates, Adani Enterprises, Mirae Asset Sharekhan, Godrej Housing Finance, Vivriti Capital, and Birla Group Holdings on the debt segment effective January 22, 2026.

Summary

BSE has listed commercial paper securities issued on private placement basis by multiple companies on its debt market segment effective January 22, 2026. The circular covers both fresh listings (360 ONE Alternates Asset Management Limited, Adani Enterprises Ltd., Mirae Asset Sharekhan Financial Services Limited, Godrej Housing Finance Limited) and further listings (Vivriti Capital Limited, Birla Group Holdings Private Limited). All securities will trade in dematerialized form with standard denomination of Rs. 5 lakhs and tick size of 1 paise.

Key Points

  • 360 ONE Alternates Asset Management Limited: 200 units of commercial paper listed (ISIN: INE0TQI14053), 8.00% p.a. interest, redemption date January 20, 2027, CARE A1+ rated
  • Adani Enterprises Ltd.: 200 units of commercial paper listed (ISIN: INE423A14YV5), 7.44% p.a. interest, redemption date August 25, 2026, CARE A1+/ICRA A1+ rated
  • Mirae Asset Sharekhan Financial Services Limited: 1,000 units of commercial paper listed (ISIN: INE550X14AM6), 8.00% p.a. interest, redemption date April 15, 2026, CRISIL A1+ rated
  • Godrej Housing Finance Limited: 5,000 units of commercial paper listed (ISIN: INE02JD14716), 6.90% p.a. interest, redemption date March 13, 2026, CRISIL A1+/ICRA A1+ rated
  • Vivriti Capital Limited (Further Listing): 200 units of commercial paper listed (ISIN: INE01HV14AC7), 8.75% p.a. interest, redemption date April 22, 2026, CRISIL A1+ rated
  • All securities have face value and paid-up value of Rs. 500,000 each
  • Trading permitted only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Market lot: 1 unit

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 under the specified ISIN numbers
  • Trades must be executed in standard denomination of Rs. 5 lakhs and multiples
  • Tick size of 1 paise must be maintained for all transactions
  • For clarifications, trading members should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Effective Trading Date: January 22, 2026 (all securities)
  • Allotment Dates: January 21-22, 2026
  • Redemption Dates:
    • March 13, 2026: Godrej Housing Finance Limited
    • April 15, 2026: Mirae Asset Sharekhan Financial Services Limited
    • April 22, 2026: Vivriti Capital Limited
    • August 25, 2026: Adani Enterprises Ltd.
    • January 20, 2027: 360 ONE Alternates Asset Management Limited

Impact Assessment

This circular has minimal market impact as it pertains to routine listing of institutional debt instruments (commercial paper) on BSE’s debt segment. The securities are privately placed with face values of Rs. 5 lakhs, targeting institutional and high-net-worth investors rather than retail participants. The listings provide additional short-term funding options for the issuing companies with tenors ranging from 50 days to 364 days. All securities carry A1+ credit ratings from major rating agencies (CARE, ICRA, CRISIL), indicating highest safety for short-term debt instruments. Interest rates range from 6.90% to 8.75% p.a., reflecting current money market conditions. No impact on equity trading or broader market operations expected.

Impact Justification

Routine listing of commercial paper securities on debt segment for institutional trading; minimal impact on equity markets or retail investors.