Description
BSE announces listing of commercial paper issued by multiple companies including Tata Power, Navi Finserv, Axis Finance, Mirae Asset Sharekhan Financial Services, and Birla Group Holdings on private placement basis.
Summary
BSE has listed new commercial paper securities issued on a private placement basis by five companies on its debt market segment, effective February 2, 2026. The 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: Tata Power Co. Ltd., Navi Finserv Limited, Axis Finance Limited (two issues), Mirae Asset Sharekhan Financial Services Limited, and Birla Group Holdings Private Limited
- All securities trade in dematerialized form under respective ISIN numbers
- Standard trading denomination: Rs. 5 lakhs and multiples thereof
- Tick size: 1 paise
- Market lot: 1 unit
- Face value: Rs. 5,00,000 per unit for all issues
Securities Details
Tata Power Co. Ltd. (TPCL)
- Quantity: 10,000 units
- Scrip Code: 730992 (TPCL30126)
- ISIN: INE245A14KR9
- Issue Price: Rs. 4,95,903.50
- Interest Rate: 6.70% p.a. (cumulative)
- Allotment Date: January 30, 2026
- Redemption Date: March 16, 2026
- Credit Rating: CRISIL A1+, IND A1+
- Issuing and Paying Agent: ICICI Bank Limited
Navi Finserv Limited (NFL)
- Quantity: 800 units
- Scrip Code: 730993 (NFL30126)
- ISIN: INE342T14FO1
- Issue Price: Rs. 4,76,501.50
- Interest Rate: 10% p.a. (cumulative)
- Allotment Date: January 30, 2026
- Redemption Date: July 29, 2026
- Credit Rating: CARE A1
- Issuing and Paying Agent: HDFC Bank Limited
Axis Finance Limited (AFL) - Issue 1
- Quantity: 2,000 units
- Scrip Code: 730995 (AFL30126)
- ISIN: INE891K14PR8
- Issue Price: Rs. 4,91,294.00
- Interest Rate: 7.70% p.a. (cumulative)
- Allotment Date: January 30, 2026
- Redemption Date: April 24, 2026
- Credit Rating: CRISIL A1+, IND A1+
- Issuing and Paying Agent: Axis Bank Limited
Axis Finance Limited (AFL) - Issue 2
- Quantity: 2,000 units
- Scrip Code: 730996 (AFL300126)
- ISIN: INE891K14PS6
- Issue Price: Rs. 4,82,310.00
- Interest Rate: 7.6499% p.a. (cumulative)
- Allotment Date: January 30, 2026
- Redemption Date: July 24, 2026
- Credit Rating: CRISIL A1+, IND A1+
- Issuing and Paying Agent: Axis Bank Limited
Mirae Asset Sharekhan Financial Services Limited (MASFSL)
- Quantity: 500 units
- Scrip Code: 730999 (MASF300126)
- ISIN: INE550X14AN4
- Issue Price: Rs. 4,90,091.00
- Interest Rate: 8.2% p.a. (cumulative)
- Allotment Date: January 30, 2026
- Redemption Date: April 30, 2026
- Credit Rating: CRISIL A1+
- Issuing and Paying Agent: HDFC Bank Limited
Birla Group Holdings Private Limited
- Details mentioned but content appears truncated in source
Regulatory Changes
No regulatory changes announced. This is a routine listing notification.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Transactions must be in standard denominations of Rs. 5 lakhs and multiples thereof
- Tick size compliance: 1 paise minimum price movement
Important Dates
- Effective Date: February 2, 2026
- Allotment Date: January 30, 2026 (all issues)
- Redemption Dates: Range from March 16, 2026 to July 29, 2026 depending on specific issue
Impact Assessment
This circular has minimal market-wide impact as it is a routine operational notification for debt market participants. The listing provides additional short-term debt investment options for institutional investors and debt market traders. The securities have tenures ranging from approximately 45 days to 180 days, offering various maturity profiles. Contact for clarifications: BSE Debt Department at 22728352/8597/8995/5753/8915.
Circular Issued By: Hardik Bhuta, Assistant Vice President, BSE
Impact Justification
Routine operational circular announcing listing of privately placed commercial paper securities on debt segment. Limited impact on broader market participants as it primarily affects debt market traders and investors in these specific instruments.