Description
BSE notifies listing of new commercial papers issued on private placement basis by Bajaj Housing Finance, Birla Group Holdings, SBICAP Securities, and KEC International on the BSE Debt Segment, effective February 24, 2026.
Summary
BSE Notice No. 20260224-6 informs trading members that new commercial papers (CPs) issued on a private placement basis by five issuers have been listed and admitted to trading on the BSE Debt Segment effective February 24, 2026. Trading is permitted only in dematerialised form with a standard denomination of Rs. 5 lakhs and multiples thereof, and a tick size of 1 paise.
Key Points
- Five commercial paper instruments across four issuers have been freshly listed on the BSE Debt Segment.
- All securities are tradeable only in demat form in standard denominations of Rs. 5 lakhs.
- Tick size for all listed securities is 1 paise.
- All CPs carry top-tier short-term credit ratings (CRISIL A1+ and/or IND A1+ / ICRA A1+).
- Trading members requiring clarification may contact the BSE Debt Department at 22728352/8597/8995/5753/8915.
Regulatory Changes
No regulatory changes. This is a routine listing admission notice under existing BSE Debt Segment guidelines for privately placed securities.
Compliance Requirements
- Trading members must ensure all trades in the listed CPs are executed in demat form only.
- Trades must be in standard denomination of Rs. 5 lakhs and multiples thereof.
- Members must use the assigned ISIN numbers and scrip codes for each instrument.
Important Dates
| Company | Allotment Date | Redemption Date | Rate |
|---|---|---|---|
| Bajaj Housing Finance Limited (BHFL-23-2-27-CP, ISIN: INE377Y14BZ2, Scrip: 731167) | 23/02/2026 | 23/02/2027 | 6.96% p.a. |
| Birla Group Holdings Pvt Ltd (BGHP-24-2-27-CP, ISIN: INE09OL14IS6, Scrip: 731168) | 24/02/2026 | 24/02/2027 | 7.69% p.a. |
| SBICAP Securities Ltd (SSL-25-5-26-CP, ISIN: INE212K14DK8, Scrip: 731170) | 23/02/2026 | 25/05/2026 | 7.65% p.a. |
| SBICAP Securities Ltd (SBICAP-26-05-26-CP, ISIN: INE212K14DL6, Scrip: 731176) | 24/02/2026 | 26/05/2026 | 7.65% p.a. |
| KEC International Ltd (KIL-25-5-26-CP, ISIN: INE389H14LY4, Scrip: 731171) | 24/02/2026 | 25/05/2026 | 7.30% p.a. |
Impact Assessment
This is a routine debt market listing notice with minimal market impact. The listed instruments are short-term commercial papers with tenors ranging from approximately 3 months (SBICAP, KEC) to 12 months (Bajaj Housing Finance, Birla Group Holdings). All issuers carry the highest short-term credit ratings (A1+), indicating low credit risk. The listing provides institutional investors and debt segment participants with additional high-quality short-term instruments for trading. No impact on equity markets or broader market operations is anticipated.
Impact Justification
Routine operational listing notification for privately placed commercial papers on the debt segment; no regulatory changes or compliance obligations for equity market participants.