Description
BSE lists six new commercial papers on its debt market segment effective February 27, 2026, issued on private placement basis by Tata Power, IGH Holdings, 360 ONE Prime, Navi Finserv, Vivriti Capital, and Julius Baer Capital (India), with interest rates ranging from 7.20% to 10% p.a.
Summary
BSE has listed six new commercial papers (CPs) on its Debt Market Segment effective February 27, 2026, all issued on a private placement basis. The issuers are Tata Power Co. Ltd, IGH Holdings Private Limited, 360 ONE Prime Limited, Navi Finserv Limited, Vivriti Capital Limited, and Julius Baer Capital (India) Private Limited. All securities are admitted to trading in dematerialised form in standard denominations of Rs. 5 lakhs and multiples thereof, with a tick size of 1 paise.
Key Points
- Six fresh commercial paper listings admitted to the BSE Debt Segment effective February 27, 2026
- All CPs were issued on a private placement basis with a face value of Rs. 5,00,000 each
- Trading is permitted only in dematerialised form with standard denomination of Rs. 5 lakhs and multiples
- Tick size for all securities is 1 paise
- Interest rates range from 7.20% p.a. (Tata Power) to 10% p.a. (Navi Finserv)
- Maturities range from approximately 3 months (Tata Power, IGH Holdings) to 12 months (360 ONE Prime)
- Credit ratings across issuers range from CARE A1 (Navi Finserv) to CRISIL A1+/IND A1+ (Tata Power, IGH Holdings, Vivriti Capital, 360 ONE Prime)
Regulatory Changes
No new regulatory changes. This is a routine operational circular notifying trading members of new debt securities admitted to trading on the BSE Debt Segment under existing listing and trading norms.
Compliance Requirements
- Trading members must ensure all transactions in these securities are conducted only in dematerialised form
- Trades must be in standard denomination of Rs. 5 lakhs and multiples thereof
- Members requiring clarification may contact BSE’s Debt Department at: 22728352 / 8597 / 8995 / 5753 / 8915
Important Dates
| Issuer | Allotment Date | Redemption Date |
|---|---|---|
| Tata Power Co. Ltd | 26/02/2026 | 27/05/2026 |
| IGH Holdings Private Limited | 27/02/2026 | 29/05/2026 |
| 360 ONE Prime Limited | 26/02/2026 | 25/02/2027 |
| Navi Finserv Limited | 26/02/2026 | 25/08/2026 |
| Vivriti Capital Limited | 26/02/2026 | 28/07/2026 |
- Effective trading date: February 27, 2026
Impact Assessment
Market Impact: Minimal. These are privately placed commercial papers targeting institutional debt market participants. The listings expand the supply of short-to-medium term debt instruments on the BSE Debt Segment but do not materially affect equity markets or retail investors.
Issuer Details:
- Tata Power Co. Ltd (Scrip: 731204, ISIN: INE245A14KW9): 10,000 units at Rs. 4,91,278 each, 7.20% p.a., rated CRISIL A1+/IND A1+, via ICICI Bank
- IGH Holdings Pvt Ltd (Scrip: 731205, ISIN: INE02FN14796): 10,000 units at Rs. 4,90,438 each, 7.82% p.a., rated CARE A1+/CRISIL A1+, via Axis Bank
- 360 ONE Prime Ltd (Scrip: 731206, ISIN: INE248U14TE0): 5,000 units at Rs. 4,62,203 each, 8.2% p.a., rated CRISIL A1+/ICRA A1+, via HDFC Bank
- Navi Finserv Ltd (Scrip: 731207, ISIN: INE342T14FT0): 200 units at Rs. 4,76,501.50 each, 10% p.a., rated CARE A1, via HDFC Bank
- Vivriti Capital Ltd (Scrip: 731208, ISIN: INE01HV14AW5): 400 units at Rs. 4,81,261 each, 9.35% p.a., rated CRISIL A1+, via Federal Bank
- Julius Baer Capital (India) Pvt Ltd: Details partially available in source document
Debt Market Participants: BSE debt segment members should update their systems with the new scrip codes and ISINs to facilitate trading from the effective date.
Impact Justification
Routine administrative listing of privately placed commercial papers on the BSE debt segment. These are short-to-medium term money market instruments with no significant regulatory change or broad market impact. Relevant primarily to debt market participants and members of the BSE debt segment.