Description
BSE lists commercial papers of six companies including KEC International, Birla Group Holdings, 360 ONE WAM, Can Fin Homes, Network 18 Media, and IGH Holdings on the debt market segment effective March 5, 2026.
Summary
BSE has listed commercial papers (CPs) issued on a private placement basis by six companies on the BSE Debt Segment, effective March 5, 2026 (Notice No. 20260305-34). All securities are traded exclusively in dematerialised form in standard denominations of Rs. 5 Lakhs and multiples thereof, with a tick size of 1 paise.
Key Points
- Six companies have listed commercial papers on the BSE Debt Segment via private placement
- All CPs are traded in demat form only, in denominations of Rs. 5 Lakhs and multiples
- Tick size for all listed securities is 1 paise
- Redemption dates range from June 3 to June 4, 2026
- Interest rates range from 6.97% p.a. to 7.99% p.a.
- All CPs carry top-tier short-term credit ratings (A1+)
- Trading members may contact the 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 framework for privately placed securities.
Compliance Requirements
- Trading members must ensure all transactions in these securities occur in dematerialised form only
- Trades must be executed in standard denominations of Rs. 5 Lakhs and multiples thereof
- Tick size of 1 paise must be observed for all listed securities
Important Dates
| Company | Scrip Code | ISIN | Allotment Date | Redemption Date |
|---|---|---|---|---|
| KEC International Ltd. | 731245 | INE389H14MB0 | 05/03/2026 | 03/06/2026 |
| Birla Group Holdings Pvt. Ltd. | 731246 | INE09OL14IU2 | 05/03/2026 | 04/06/2026 |
| 360 ONE WAM Limited | 731244 | INE466L14FZ1 | 04/03/2026 | 03/06/2026 |
| Can Fin Homes Ltd. | 731247 | INE477A14ED1 | 04/03/2026 | 03/06/2026 |
| Network 18 Media & Investments Ltd. | 731248 | INE870H14WT0 | 05/03/2026 | 04/06/2026 |
| IGH Holdings Pvt. Ltd. | — | — | — | — |
- Effective Date: March 5, 2026
- Redemption Window: June 3–4, 2026
Impact Assessment
Commercial Paper Details:
| Company | Qty | Issue Price (Rs.) | Rate | Credit Rating | Paying Agent |
|---|---|---|---|---|---|
| KEC International Ltd. | 2,000 | 4,91,552.00 | 6.97% p.a. | CRISIL A1+, IND A1+ | Axis Bank |
| Birla Group Holdings Pvt. Ltd. | 5,500 | 4,90,582.00 | 7.70% p.a. | CRISIL A1+, ICRA A1+ | Axis Bank |
| 360 ONE WAM Limited | 1,000 | 4,90,234.50 | 7.99% p.a. | CARE A1+, ICRA A1+ | HDFC Bank |
| Can Fin Homes Ltd. | 2,000 | 4,91,303.50 | 7.10% p.a. | CARE A1+, ICRA A1+ | HDFC Bank |
| Network 18 Media & Investments Ltd. | 6,000 | 4,91,303.50 | 7.10% p.a. | CARE A1+, IND A1+ | ICICI Bank |
| IGH Holdings Pvt. Ltd. | — | — | — | — | — |
All issuers carry the highest short-term credit ratings (A1+) from multiple agencies, indicating minimal credit risk. The CPs are short-term instruments maturing within approximately 90 days, providing liquidity options for institutional investors. The aggregate face value across the listed CPs is substantial (over Rs. 8,250 crore for the five disclosed issuers), reflecting active short-term borrowing activity in the corporate debt market.
Impact Justification
Routine listing of multiple commercial papers on BSE Debt Segment; affects trading members dealing in debt instruments and investors in these specific CPs, but no regulatory changes or compliance requirements for broader market participants.