Description
BSE admits five new commercial paper issuances to trading on the Debt Segment effective February 26, 2026, covering private placements by Navi Finserv, Muthoot Fincorp, ICICI Home Finance, Vivriti Capital, and Axis Finance.
Summary
BSE has admitted five new commercial paper (CP) issuances to trading on its Debt Segment effective February 26, 2026. All securities were issued on a private placement basis and are available exclusively 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 papers from five companies (six total issuances, with Axis Finance having two) are now listed on the BSE Debt Segment
- All CPs trade only in demat form at standard lot size of Rs. 5 Lakhs
- Tick size: 1 paise for all listed instruments
- Credit ratings range from CARE A1 to CRISIL A1+ / ICRA A1+, indicating high short-term credit quality
- Interest payment for all CPs is cumulative, paid at redemption
- For clarifications, trading members may contact the BSE Debt Department at 22728352/8597/8995/5753/8915
Regulatory Changes
No regulatory changes. This is a routine admission-to-trading notice under existing BSE debt segment listing norms.
Compliance Requirements
- Trading members must trade these securities only in dematerialised form
- Trades must be in standard denomination of Rs. 5 Lakhs and multiples thereof
- Members should use the ISIN numbers provided for each instrument
Important Dates
| Company | Scrip Code | ISIN | Allotment Date | Redemption Date | Issue Price (Rs.) | Interest Rate |
|---|---|---|---|---|---|---|
| Navi Finserv Limited | 731189 | INE342T14FS2 | 25/02/2026 | 22/05/2026 | 489,222.50 | 9.35% p.a. |
| Muthoot Fincorp Limited | 731190 | INE549K14CM1 | 25/02/2026 | 24/02/2027 | 459,534.50 | 8.83% p.a. |
| ICICI Home Finance Company Limited | 731191 | INE071G14HO9 | 26/02/2026 | 27/05/2026 | 491,349.50 | 7.14% p.a. |
| Vivriti Capital Limited | 731192 | INE01HV14AV7 | 25/02/2026 | 24/08/2026 | 477,849.00 | 9.40% p.a. |
| Axis Finance Limited | 731193 | INE891K14PX6 | 25/02/2026 | 21/09/2026 | 479,611.00 | 7.46% p.a. |
Impact Assessment
This is a low-impact, routine notice. The listing expands the tradeable universe of short-term debt instruments on the BSE Debt Segment. The instruments carry high-grade credit ratings (A1/A1+), suggesting minimal credit risk. Muthoot Fincorp’s CP carries the longest tenor (approximately one year to February 2027), while others are shorter-dated (3–7 months). Equity market participants are unaffected. Relevant only to institutional and debt market trading members active in the BSE Debt Segment.
Impact Justification
Routine operational listing notice for privately placed commercial papers on the BSE Debt Segment. No regulatory changes or compliance requirements for equity market participants; relevant only to debt market trading members dealing in these specific instruments.