Description
BSE lists new privately placed commercial papers from SBICAP Securities, Fedbank Financial Services, Reliance Retail Ventures, and Navi Finserv on its Debt Segment, effective February 23, 2026.
Summary
BSE Notice No. 20260223-33 informs trading members that five new commercial papers (CPs) issued on a private placement basis have been listed and admitted to trading on the BSE Debt Segment effective February 23, 2026. The issuers are SBICAP Securities Limited (two CPs), Fedbank Financial Services Limited, Reliance Retail Ventures Limited, and Navi Finserv Limited. All securities are allotted as of February 20, 2026.
Key Points
- All securities are traded exclusively in dematerialised form under their respective ISIN numbers.
- Standard denomination for trading is Rs. 5 Lakhs and multiples thereof; tick size is 1 paise.
- SBICAP Securities Ltd – CP 1 (SBISL20226): Scrip Code 731151, ISIN INE212K14DH4, Qty 4,000, Issue Price Rs. 490,870.50, Redemption 22-May-2026, Rate 7.46% p.a., Rated CRISIL A1+/ICRA A1+, IPA: State Bank of India.
- SBICAP Securities Ltd – CP 2 (SBICA20226): Scrip Code 731152, ISIN INE212K14DJ0, Qty 1,500, Issue Price Rs. 492,411.50, Redemption 06-May-2026, Rate 7.50% p.a., Rated CRISIL A1+/ICRA A1+, IPA: State Bank of India.
- Fedbank Financial Services Ltd (FFSL20226): Scrip Code 731156, ISIN INE007N14EQ1, Qty 2,000, Issue Price Rs. 464,348.50, Redemption 18-Feb-2027, Rate 7.72% p.a., Rated CRISIL A1+/ICRA A1+, IPA: Federal Bank Ltd.
- Reliance Retail Ventures Ltd (RRVL200226): Scrip Code 731157, ISIN INE929O14ET8, Qty 35,000, Issue Price Rs. 491,315.50, Redemption 22-May-2026, Rate 7.09% p.a., Rated CARE A1+/CRISIL A1+, IPA: ICICI Bank Limited.
- Navi Finserv Ltd (NFL200226): Scrip Code 731158, ISIN INE342T14FR4, Qty 300, Issue Price Rs. 489,735.50, Redemption 21-May-2026, Rate 8.50% p.a., Rated CARE A1+, IPA: (not fully disclosed in excerpt).
Regulatory Changes
No new regulatory changes. This is a routine operational notice confirming the admission of privately placed debt securities to trading under existing BSE Debt Segment rules.
Compliance Requirements
- Trading members must ensure all transactions in these securities are conducted only in dematerialised form.
- Trades must be executed in denominations of Rs. 5 Lakhs and multiples thereof.
- For clarifications, trading members may contact BSE’s Debt Department at 22728352 / 8597 / 8995 / 5753 / 8915.
Important Dates
| Security | Allotment Date | Redemption Date |
|---|---|---|
| SBICAPSL-22-05-26-CP (INE212K14DH4) | 20-Feb-2026 | 22-May-2026 |
| SBICAPSL-06-05-26-CP (INE212K14DJ0) | 20-Feb-2026 | 06-May-2026 |
| FFSL-18-02-27-CP (INE007N14EQ1) | 20-Feb-2026 | 18-Feb-2027 |
| RRVL-22-5-26-CP (INE929O14ET8) | 20-Feb-2026 | 22-May-2026 |
| NFL-21-5-26-CP (INE342T14FR4) | 20-Feb-2026 | 21-May-2026 |
- Effective date for trading: February 23, 2026.
Impact Assessment
This listing expands the available short-term debt instruments on the BSE Debt Segment. The Reliance Retail Ventures CP (Qty 35,000) represents the largest issuance by volume. All instruments carry top-tier short-term credit ratings (A1+), indicating low credit risk. The FFSL CP has the longest tenor (approximately one year), while the others mature within three months. Impact is limited to debt market participants, institutional investors, and traders active in the BSE Debt Segment.
Impact Justification
Routine listing of new commercial papers on BSE Debt Segment for five instruments across four issuers; relevant to debt market participants and institutional investors but not a market-wide regulatory change.