Description

BSE announces listing of commercial papers from Navi Finserv, Birla Group Holdings, Adani Enterprises, L&T Metro Rail (Hyderabad), Julius Baer Capital, and Fedbank Financial Services on debt segment effective January 27, 2026.

Summary

BSE has listed commercial papers issued by six companies on private placement basis on the debt market segment effective January 27, 2026. The securities will trade in dematerialised form with standard denomination of Rs. 5 lakhs and tick size of 1 paise. Total issuance value exceeds Rs. 865 crores across the six issuers.

Key Points

  • Six companies have listed commercial papers: Navi Finserv Limited (1,014 units), Birla Group Holdings Private Limited (2,000 units), Adani Enterprises Ltd. (200 units), L&T Metro Rail (Hyderabad) Limited (12,000 units), Julius Baer Capital (India) Private Limited (2,000 units), and Fedbank Financial Services Limited
  • All securities trade only in dematerialised form under specified ISIN numbers
  • Standard denomination is Rs. 5 lakhs with multiples thereof
  • Tick size for all securities is 1 paise
  • Interest rates range from 7.40% p.a. to 9.40% p.a.
  • Tenure ranges from 77 days to 365 days
  • All commercial papers carry A1+ credit ratings from CARE, CRISIL, ICRA, or IND rating agencies

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialised form
  • Transactions must be in standard denomination of Rs. 5 lakhs and multiples
  • For clarifications, trading members should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: January 27, 2026 (effective immediately)
  • Allotment Dates: January 23, 2026 (Navi Finserv, Adani Enterprises, L&T Metro Rail) and January 27, 2026 (Birla Group Holdings, Julius Baer Capital)
  • Redemption Dates: Range from April 10, 2026 to January 27, 2027

Impact Assessment

Minimal market impact as this is a routine debt segment listing. The commercial papers provide short-term funding options for the issuers and investment opportunities for debt market participants. The high credit ratings (A1+) indicate low default risk. Total fund raising across six issuers exceeds Rs. 865 crores, contributing to corporate short-term funding liquidity.

Impact Justification

Routine listing notification for debt instruments with no broader market impact; relevant only to debt segment participants and specific issuers