Description
BSE lists six commercially placed Commercial Papers from Navi Finserv, Muthoot Fincorp, ICICI Home Finance, Vivriti Capital, and Axis Finance on its Debt Segment, effective February 26, 2026. Securities are tradeable in dematerialized form in standard denomination of Rs. 5 Lakhs.
Summary
BSE Notice No. 20260226-25 informs trading members that several new privately placed Commercial Papers (CPs) have been listed and admitted to trading on the BSE Debt Segment effective February 26, 2026. All securities are traded exclusively in dematerialized form in standard denominations of Rs. 5 Lakhs and multiples thereof, with a tick size of 1 paise.
Key Points
- Six Commercial Paper issuances (across five companies) are freshly listed on the BSE Debt Segment effective February 26, 2026.
- All CPs are issued on a private placement basis at a face value of Rs. 5,00,000 per unit.
- Standard lot size is 1 unit; trading denomination is Rs. 5 Lakhs and multiples.
- Tick size: 1 paise.
- All securities are held and traded in dematerialized form only.
- Interest payment structure is cumulative for all listed CPs.
- Trading members may contact the BSE Debt Department at 22728352/8597/8995/5753/8915 for clarifications.
Regulatory Changes
No new regulatory changes. This is a routine operational circular notifying the admission of new debt securities to trading.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form.
- Trades must be executed in the standard denomination of Rs. 5 Lakhs and multiples thereof.
- Members should reference the respective ISIN numbers for each security when executing trades.
Important Dates
| Company | Scrip Code | ISIN | Allotment Date | Redemption Date | Issue Price (Rs.) | Rate |
|---|---|---|---|---|---|---|
| Navi Finserv Limited | 731189 | INE342T14FS2 | 25/02/2026 | 22/05/2026 | 4,89,222.50 | 9.35% p.a. |
| Muthoot Fincorp Limited | 731190 | INE549K14CM1 | 25/02/2026 | 24/02/2027 | 4,59,534.50 | 8.83% p.a. |
| ICICI Home Finance Company Limited | 731191 | INE071G14HO9 | 26/02/2026 | 27/05/2026 | 4,91,349.50 | 7.14% p.a. |
| Vivriti Capital Limited | 731192 | INE01HV14AV7 | 25/02/2026 | 24/08/2026 | 4,77,849.00 | 9.40% p.a. |
| Axis Finance Limited | 731193 | INE891K14PX6 | 25/02/2026 | 21/09/2026 | 4,79,611.00 | 7.46% p.a. |
Impact Assessment
This is a routine debt market listing circular with limited broader market impact. The listed Commercial Papers span tenors from approximately 3 months to 1 year, with interest rates ranging from 7.14% to 9.40% p.a., reflecting varying credit ratings (CARE A1 to CRISIL A1+/IND A1+). The listing expands available short-term debt instruments on the BSE Debt Segment for institutional and wholesale investors. Issuers include established NBFCs and financial companies, and all carry high short-term credit ratings. No action required by equity market participants.
Impact Justification
Routine admission of privately placed Commercial Papers to BSE Debt Segment. Affects only debt market trading members dealing in these specific instruments; no broad regulatory or policy change involved.