Description

BSE announces listing of new commercial paper securities issued on private placement basis by multiple companies including Tata Power, Navi Finserv, Axis Finance, Mirae Asset Sharekhan Financial Services, and Birla Group Holdings.

Summary

BSE has listed new commercial paper securities issued on private placement basis by five companies on its debt segment effective February 02, 2026. The securities include commercial papers from Tata Power Co. Ltd., Navi Finserv Limited, Axis Finance Limited (two ISINs), Mirae Asset Sharekhan Financial Services Limited, and Birla Group Holdings Private Limited. All securities will trade in dematerialized form only with a standard denomination of Rs. 5 lakhs and tick size of 1 paise.

Key Points

  • Five companies have listed commercial paper securities totaling 15,300 units (face value Rs. 500,000 each)
  • All securities are issued on private placement basis and admitted to trading on BSE Debt Segment
  • Trading permitted only in dematerialized form under respective ISIN numbers
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise for all listed securities
  • Interest rates range from 6.70% p.a. to 10% p.a.
  • Maturity periods vary from 45 days to 180 days
  • All commercial papers listed carry investment-grade credit ratings (A1+ or A1)

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

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

Important Dates

  • Listing Date: February 02, 2026 (effective immediately)
  • Tata Power CP Redemption: March 16, 2026
  • Navi Finserv CP Redemption: July 29, 2026
  • Axis Finance CP (First ISIN) Redemption: April 24, 2026
  • Axis Finance CP (Second ISIN) Redemption: July 24, 2026
  • Mirae Asset Sharekhan CP Redemption: April 30, 2026
  • Allotment Date (All Securities): January 30, 2026

Impact Assessment

Market Impact: Low - This is a routine listing of debt securities on the BSE debt segment. The commercial papers provide short-term financing instruments for the issuing companies and investment opportunities for institutional investors.

Operational Impact: Minimal - Trading members gain access to new debt instruments with varying maturity profiles and credit ratings. The securities follow standard BSE debt market trading protocols.

Investor Impact: Provides investment-grade short-term debt options with interest rates ranging from 6.70% to 10% p.a., suitable for institutional investors seeking short-term fixed income instruments with tenures between 45 to 180 days.

Impact Justification

Routine operational notice for debt market participants about new commercial paper listings with no regulatory changes or market-wide impact