Description
BSE lists five new commercial papers issued on private placement basis on the Debt Market Segment, effective February 25, 2026. Issuers include Sharekhan, Infina Finance, Axis Finance, Godrej Housing Finance, and Julius Baer Capital (India).
Summary
BSE Notice No. 20260225-24 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 25, 2026. 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 commercial papers freshly listed on BSE Debt Segment effective February 25, 2026
- All CPs have face value of Rs. 5,00,000 each and carry top-tier short-term credit ratings (A1+)
- Trading only in dematerialised form; standard lot of Rs. 5 Lakhs and multiples
- Tick size: 1 paise
- Contact: BSE Debt Department at 22728352/8597/8995/5753/8915 for clarifications
Regulatory Changes
No new regulatory changes. This is a standard listing notification under existing BSE Debt Segment listing framework for privately placed securities.
Compliance Requirements
- Trading members must ensure all transactions in these securities are conducted in dematerialised form only
- Trades must be in standard denomination of Rs. 5 Lakhs and multiples thereof
- Trading members should update their systems with the new scrip codes and ISINs listed in the annexure
Important Dates
| Company | Allotment Date | Redemption Date |
|---|---|---|
| Sharekhan Limited (SL240226) | 24/02/2026 | 26/05/2026 |
| Infina Finance Pvt Ltd (IFPL240226) | 24/02/2026 | 23/02/2027 |
| Axis Finance Limited (AFL240226) | 24/02/2026 | 26/05/2026 |
| Godrej Housing Finance Ltd (GHFL25226) | 25/02/2026 | 25/02/2027 |
| Julius Baer Capital (India) Pvt Ltd (JBCP250226) | 25/02/2026 | 27/05/2026 |
- Listing effective: February 25, 2026
Impact Assessment
| Scrip Code | Company | Qty | Issue Price (Rs.) | Rate of Interest | Credit Rating | Paying Agent |
|---|---|---|---|---|---|---|
| 731178 | Sharekhan Limited | 12,500 | 4,90,282.34 | 7.95% p.a. | CRISIL A1+, ICRA A1+ | HDFC Bank Ltd |
| 731179 | Infina Finance Pvt Ltd | 2,000 | 4,64,300.50 | 7.71% p.a. | CRISIL A1+, ICRA A1+ | Kotak Mahindra Bank |
| 731180 | Axis Finance Limited | 2,000 | 4,90,822.50 | 7.4998% p.a. | CRISIL A1+, IND A1+ | Axis Bank Limited |
| 731181 | Godrej Housing Finance Ltd | 4,000 | 4,66,200.50 | 7.25% p.a. | CRISIL A1+, ICRA A1+ | ICICI Bank Limited |
| 731182 | Julius Baer Capital (India) Pvt Ltd | 5,000 | 4,90,558.00 | 7.72% p.a. | CRISIL A1+, ICRA A1+ | HDFC Bank Limited |
All issuers carry the highest short-term credit ratings (A1+), indicating negligible credit risk. The listings are routine and have no material impact on equity markets. Institutional investors and debt market participants can now trade these CPs on BSE’s Debt Segment.
Impact Justification
Routine administrative listing of privately placed commercial papers on the BSE Debt Segment. Impacts only institutional debt market participants trading in these specific CPs; no equity market implications.