Description
BSE lists new privately placed Commercial Papers of Bajaj Housing Finance, Birla Group Holdings, SBICAP Securities, and KEC International on the debt market segment effective February 24, 2026.
Summary
BSE has listed new privately placed Commercial Papers (CPs) on its Debt Market Segment effective February 24, 2026 (Notice No. 20260224-6). Five CP issuances from four companies — Bajaj Housing Finance Limited, Birla Group Holdings Private Limited, SBICAP Securities Limited (two tranches), and KEC International Ltd. — are now admitted to trading. All securities trade in dematerialised form in standard denominations of Rs. 5 Lakhs and multiples thereof, with a tick size of 1 paise.
Key Points
- Five new Commercial Paper issuances listed on BSE Debt Segment effective February 24, 2026
- All CPs issued on private placement basis with face value of Rs. 5,00,000 each
- Trading is permitted only in dematerialised form
- Standard denomination: Rs. 5 Lakhs and multiples; tick size: 1 paise
- All CPs carry top-tier short-term credit ratings (CRISIL A1+ and/or IND A1+/ICRA A1+)
- Queries to be directed to BSE Debt Department: 22728352/8597/8995/5753/8915
Listed Securities Detail
| Company | Scrip Code | ISIN | Quantity | Issue Price (Rs.) | Rate | Allotment | Redemption | IPA |
|---|---|---|---|---|---|---|---|---|
| Bajaj Housing Finance Ltd | 731167 | INE377Y14BZ2 | 10,000 | 4,67,464.50 | 6.96% p.a. | 23/02/2026 | 23/02/2027 | Central Bank of India |
| Birla Group Holdings Pvt Ltd | 731168 | INE09OL14IS6 | 9,000 | 4,64,295.50 | 7.69% p.a. | 24/02/2026 | 24/02/2027 | Axis Bank Ltd |
| SBICAP Securities Ltd (Tranche 1) | 731170 | INE212K14DK8 | 2,000 | 4,90,642.00 | 7.65% p.a. | 23/02/2026 | 25/05/2026 | State Bank of India |
| SBICAP Securities Ltd (Tranche 2) | 731176 | INE212K14DL6 | 2,000 | 4,90,642.00 | 7.65% p.a. | 24/02/2026 | 26/05/2026 | State Bank of India |
| KEC International Ltd | 731171 | INE389H14LY4 | 2,000 | 4,91,159.00 | 7.30% p.a. | 24/02/2026 | 25/05/2026 | — |
Regulatory Changes
No regulatory changes. This is a routine listing notification pursuant to BSE’s standard process for admitting privately placed debt securities to trading on the Debt Market Segment.
Compliance Requirements
- Trading members must trade these securities only in dematerialised form
- Trades must occur in standard denomination of Rs. 5 Lakhs and multiples thereof
- Members should use the assigned Scrip Codes and ISINs for all transactions
- Contact BSE Debt Department for any clarifications before transacting
Important Dates
- Effective date of listing/trading: February 24, 2026
- Allotment dates: February 23–24, 2026 (varies by issuer)
- Short-term CP redemptions (SBICAP & KEC): May 25–26, 2026
- Long-term CP redemptions (Bajaj Housing Finance & Birla Group): February 23–24, 2027
Impact Assessment
Impact is limited to debt segment trading members. The listing introduces approximately Rs. 12,500 crore worth of Commercial Paper supply across five instruments (based on face values: 10,000 + 9,000 + 2,000 + 2,000 + 2,000 = 25,000 units × Rs. 5 lakh = Rs. 125 billion). All issuances carry the highest short-term credit ratings (A1+), indicating negligible credit risk. The short tenor of SBICAP and KEC CPs (~3 months) and the one-year tenor of Bajaj Housing Finance and Birla Group CPs provide varied liquidity options for institutional investors in the debt segment. No impact on equity markets.
Impact Justification
Routine administrative listing notification for privately placed Commercial Papers on the BSE Debt Segment. No regulatory changes or compliance actions required for equity market participants. Relevant only to debt segment trading members dealing in these specific CPs.