Description

BSE announces listing of commercial paper securities from six companies including Tata Power, Navi Finserv, Axis Finance, Mirae Asset Sharekhan, and Birla Group Holdings, effective February 2, 2026.

Summary

BSE has listed multiple commercial paper securities issued on private placement basis by six companies on the debt market segment, effective February 2, 2026. The securities will trade in dematerialized form with a standard denomination of Rs. 5 lakhs and tick size of 1 paise. The issuances include papers from Tata Power Co. Ltd (10,000 units), Navi Finserv Limited (800 units), Axis Finance Limited (4,000 units across two tranches), Mirae Asset Sharekhan Financial Services Limited (500 units), and Birla Group Holdings Private Limited.

Key Points

  • Six companies’ commercial paper securities now listed on BSE debt segment
  • All securities traded only in dematerialized form under respective ISIN numbers
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • All securities allotted on January 30, 2026
  • Trading effective February 2, 2026

Securities Details

Tata Power Co. Ltd

  • Scrip Code: 730992 (TPCL30126)
  • ISIN: INE245A14KR9
  • Quantity: 10,000 units
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 495,903.50
  • Interest Rate: 6.70% p.a. (cumulative)
  • Redemption Date: March 16, 2026
  • Credit Rating: CRISIL A1+, IND A1+
  • Issuing Agent: ICICI Bank Limited
  • Scrip Code: 730993 (NFL30126)
  • ISIN: INE342T14FO1
  • Quantity: 800 units
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 476,501.50
  • Interest Rate: 10% p.a. (cumulative)
  • Redemption Date: July 29, 2026
  • Credit Rating: CARE A1
  • Issuing Agent: HDFC Bank Limited

Axis Finance Limited - Tranche 1

  • Scrip Code: 730995 (AFL30126)
  • ISIN: INE891K14PR8
  • Quantity: 2,000 units
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 491,294.00
  • Interest Rate: 7.70% p.a. (cumulative)
  • Redemption Date: April 24, 2026
  • Credit Rating: CRISIL A1+, IND A1+
  • Issuing Agent: Axis Bank Limited

Axis Finance Limited - Tranche 2

  • Scrip Code: 730996 (AFL300126)
  • ISIN: INE891K14PS6
  • Quantity: 2,000 units
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 482,310.00
  • Interest Rate: 7.6499% p.a. (cumulative)
  • Redemption Date: July 24, 2026
  • Credit Rating: CRISIL A1+, IND A1+
  • Issuing Agent: Axis Bank Limited

Mirae Asset Sharekhan Financial Services Limited

  • Scrip Code: 730999 (MASF300126)
  • ISIN: INE550X14AN4
  • Quantity: 500 units
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 490,091.00
  • Interest Rate: 8.2% p.a. (cumulative)
  • Redemption Date: April 30, 2026
  • Credit Rating: CRISIL A1+
  • Issuing Agent: HDFC Bank Limited

Birla Group Holdings Private Limited

  • Details truncated in source document

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Standard denomination requirement: Rs. 5 lakhs and multiples
  • Trading members requiring clarification may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: January 30, 2026 (all securities)
  • Listing/Trading Effective Date: February 2, 2026
  • Redemption Dates:
    • Tata Power: March 16, 2026
    • Axis Finance Tranche 1: April 24, 2026
    • Mirae Asset Sharekhan: April 30, 2026
    • Axis Finance Tranche 2: July 24, 2026
    • Navi Finserv: July 29, 2026

Impact Assessment

This is a routine listing notice with minimal market impact. The listing provides institutional investors with additional short-term debt investment options with varying maturity profiles (45 to 180 days) and interest rates (6.70% to 10% p.a.). The high credit ratings (primarily A1+) indicate low credit risk. Impact is limited to debt market participants and does not affect equity markets or broader trading operations.

Contact Information

For clarifications, trading members may contact BSE Debt Department:

  • Phone: 22728352 / 8597 / 8995 / 5753 / 8915

Issued by: Hardik Bhuta, Assistant Vice President
Notice Number: 20260202-10
Notice Date: February 2, 2026

Impact Justification

Routine listing notification for debt securities with no regulatory changes or compliance implications for broader market participants