Description
BSE lists new privately placed commercial papers from multiple issuers including Credila Financial Services, Manappuram Finance, Birla Group Holdings, and Network18 Media on its debt market segment effective March 4, 2026.
Summary
BSE has listed several new privately placed commercial papers (CPs) on its Debt Segment effective March 4, 2026, via Notice No. 20260304-3. The securities are admitted to trading in dematerialised form under their respective ISINs. All CPs trade in standard denominations of Rs. 5 Lakhs and multiples thereof, with a tick size of 1 paise.
Key Points
- Five commercial paper issuances freshly listed on the BSE Debt Segment
- All securities trade exclusively in dematerialised form
- Standard denomination: Rs. 5 Lakhs and multiples thereof
- Tick size: 1 paise
- Trading member queries to be directed to BSE Debt Department: 22728352 / 8597 / 8995 / 5753 / 8915
- Notice issued by Hardik Bhuta, Assistant Vice President, BSE
Newly Listed Commercial Papers
| Issuer | Scrip Code | ISIN | Quantity | Issue Price (Rs.) | Allotment Date | Redemption Date | Interest Rate | Credit Rating | Paying Agent |
|---|---|---|---|---|---|---|---|---|---|
| Credila Financial Services Ltd | 731224 | INE539K14BZ6 | 8,000 | 4,63,099.50 | 02/03/2026 | 01/03/2027 | 7.99% p.a. | CRISIL A1+, ICRA A1+ | Axis Bank Ltd |
| Manappuram Finance Ltd | 731231 | INE522D14PG7 | 5,500 | 4,90,342.50 | 02/03/2026 | 01/06/2026 | 7.90% p.a. | CARE A1+, CRISIL A1+ | Axis Bank Ltd |
| Manappuram Finance Ltd | 731233 | INE522D14PF9 | 2,000 | 4,90,342.50 | 04/03/2026 | 03/06/2026 | 7.90% p.a. | CARE A1+, CRISIL A1+ | Axis Bank Ltd |
| Birla Group Holdings Pvt Ltd | 731232 | INE09OL14IT4 | 1,500 | 4,64,900.00 | 04/03/2026 | 04/03/2027 | 7.55% p.a. | CRISIL A1+, ICRA A1+ | Axis Bank Ltd |
| Network18 Media & Investments Ltd | 731234 | INE870H14WU8 | 4,000 | 4,91,303.50 | 04/03/2026 | 03/06/2026 | 7.10% p.a. | CARE A1+, IND A1+ | ICICI Bank Ltd |
| Muthoot Fincorp Ltd | (details truncated in source) | — | — | — | — | — | — | — | — |
Regulatory Changes
No new regulatory changes. This is a routine listing notice under existing BSE Debt Segment listing framework for privately placed securities.
Compliance Requirements
- Trading members must ensure all transactions in the listed CPs are conducted in dematerialised form only
- Trades must be in the standard lot size of Rs. 5 Lakhs face value and multiples thereof
- Members should update their systems with the new scrip codes and ISINs effective March 4, 2026
Important Dates
- Listing / Trading Effective Date: March 4, 2026
- Credila CP Redemption: March 1, 2027
- Manappuram CP (731231) Redemption: June 1, 2026
- Manappuram CP (731233) Redemption: June 3, 2026
- Birla Group Holdings CP Redemption: March 4, 2027
- Network18 CP Redemption: June 3, 2026
Impact Assessment
This is a routine operational listing notice impacting debt market participants. Trading members dealing in the BSE Debt Segment should note the new scrip codes and ISINs for Credila Financial Services, Manappuram Finance (two tranches), Birla Group Holdings, and Network18 Media. All issuers carry top-tier short-term credit ratings (A1+), indicating low credit risk. The listings provide institutional investors with additional short-term debt instruments for portfolio deployment. No impact on equity markets or broader compliance frameworks.
Impact Justification
Routine debt segment listing of privately placed commercial papers from multiple well-known issuers; operationally relevant to debt market participants and trading members.