Description

BSE lists commercial papers issued by 360 ONE Alternates Asset Management, Bajaj Finance, Pilani Investment, Gera Developments, and Vivriti Capital on private placement basis, effective January 30, 2026.

Summary

BSE has listed commercial papers issued on private placement basis by five companies on its debt market segment effective January 30, 2026. The securities will trade in dematerialized form only with standard denomination of Rs. 5 lakhs and multiples thereof, with a tick size of 1 paise.

Key Points

  • 360 ONE Alternates Asset Management issued two series: 100 units at 8.00% p.a. maturing April 29, 2026 and 200 units at 8.10% p.a. maturing July 29, 2026
  • Bajaj Finance Limited issued 3,000 units at 7.65% p.a. maturing April 30, 2026 with CRISIL A1+ and ICRA A1+ ratings
  • Pilani Investment And Industries Corporation issued 2,000 units at 8.00% p.a. with 1-year maturity (January 29, 2027)
  • Gera Developments Private Limited issued 500 units at 6.95% p.a. maturing July 29, 2026
  • All securities have face value of Rs. 5,00,000 per unit
  • Trading permitted only in dematerialized form under respective ISIN numbers
  • Market lot size is 1 unit with minimum trading denomination of Rs. 5 lakhs

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Transactions must be in standard denomination of Rs. 5 lakhs and multiples thereof
  • Trading members requiring clarification can contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Listing Effective Date: January 30, 2026
  • Allotment Dates: January 29-30, 2026 (various issuers)
  • Redemption Dates:
    • April 29, 2026 (360 ONE - Series 1)
    • April 30, 2026 (Bajaj Finance)
    • July 29, 2026 (360 ONE - Series 2, Gera Developments)
    • January 29, 2027 (Pilani Investment)

Impact Assessment

Market Impact: Minimal. These are private placement commercial papers on the debt segment with no direct impact on equity markets or retail investors.

Operational Impact: Limited to debt market trading members who will have additional securities available for trading in the debt segment.

Investor Impact: Relevant only to institutional investors who participate in commercial paper markets. All issuers carry A1+ credit ratings indicating high safety.

Liquidity: Commercial papers are typically held to maturity by institutional investors, so secondary market trading volume is expected to be low.

Impact Justification

Routine listing of privately placed commercial papers on debt segment with no impact on equity markets or broad market operations