Description

BSE lists new commercial paper securities from multiple issuers including Bajaj Finance, Birla Group Holdings, Bajaj Financial Securities, Adani Enterprises, ECL Finance, and Nuvama Wealth Management on the debt segment effective February 5, 2026.

Summary

BSE has listed new commercial paper securities issued on a private placement basis on its debt market segment, effective February 5, 2026. The circular provides details of six commercial paper issuances from Bajaj Finance Limited, Birla Group Holdings Private Limited, Bajaj Financial Securities Limited, Adani Enterprises Ltd., ECL Finance Limited, and Nuvama Wealth Management Limited. All securities will trade in dematerialized form only, with a standard denomination of Rs. 5 lakhs and multiples thereof.

Key Points

  • Six new commercial paper instruments listed on BSE debt segment
  • All securities trade in dematerialized form only under respective ISIN numbers
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise for all securities
  • Interest rates range from 7.25% to 8.65% p.a.
  • Tenures vary from 72 days to 364 days
  • All commercial papers have CRISIL A1+ or equivalent ratings
  • Trading effective immediately from February 5, 2026

Securities Details

Bajaj Finance Limited (BFL-4-2-27-CP)

  • ISIN: INE296A14F11
  • Quantity: 10,000 units
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,65,723
  • Interest Rate: 7.36% p.a.
  • Allotment Date: February 4, 2026
  • Redemption Date: February 4, 2027
  • Credit Rating: CRISIL A1+, ICRA A1+
  • Issuing Agent: ICICI Bank Limited

Birla Group Holdings Private Limited (BGHPL-4-2-27-CP)

  • ISIN: INE09OL14IO5
  • Quantity: 7,000 units
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,63,057
  • Interest Rate: 8% p.a.
  • Allotment Date: February 5, 2026
  • Redemption Date: February 4, 2027
  • Credit Rating: CRISIL A1+, ICRA A1+
  • Issuing Agent: Axis Bank Limited

Bajaj Financial Securities Limited (BFSL-17-4-26-CP)

  • ISIN: INE01C314EF6
  • Quantity: 20,000 units
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,92,567
  • Interest Rate: 7.65% p.a.
  • Allotment Date: February 4, 2026
  • Redemption Date: April 17, 2026 (72 days)
  • Credit Rating: CRISIL A1+, IND A1+
  • Issuing Agent: ICICI Bank Ltd

Adani Enterprises Ltd. (AEL-6-5-26-CP)

  • ISIN: INE423A14YX1
  • Quantity: 800 units
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,91,123
  • Interest Rate: 7.25% p.a.
  • Allotment Date: February 4, 2026
  • Redemption Date: May 6, 2026 (91 days)
  • Credit Rating: CARE A1+, ICRA A1+
  • Issuing Agent: HDFC Bank Limited

ECL Finance Limited (ECLFL-4-8-26-CP)

  • ISIN: INE804I14YJ4
  • Quantity: 500 units
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,79,435
  • Interest Rate: 8.65% p.a.
  • Allotment Date: February 4, 2026
  • Redemption Date: August 4, 2026 (181 days)
  • Credit Rating: CRISIL A1+, IVR A1+
  • Issuing Agent: ICICI Bank Limited

Nuvama Wealth Management Limited

  • Details incomplete in source content

Regulatory Changes

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

Compliance Requirements

  • Trading members must note that securities trade only in dematerialized form
  • Standard lot size: Rs. 5 lakhs and multiples thereof
  • Market lot size: 1 unit for all securities
  • Tick size: 1 paise
  • Trading members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Effective Trading Date: February 5, 2026 (today)
  • Allotment Dates: February 4-5, 2026
  • Redemption Dates: Range from April 17, 2026 to February 4, 2027

Impact Assessment

Market Impact: Low - This is a routine listing of privately placed commercial paper with no impact on equity markets or broader market operations.

Operational Impact: Minimal - Only affects debt market trading members dealing with commercial paper instruments.

Investor Impact: Limited to institutional investors and high net-worth individuals participating in the debt market segment. These are privately placed instruments not available to retail investors through public subscription.

Total Issue Size: Approximately Rs. 1,912.5 crores across the five detailed issuances, representing short to medium-term funding for the respective issuers.

Impact Justification

Routine listing of commercial paper securities on private placement basis; primarily informational for debt market participants with no significant market-wide impact