Description

NSE notification of admission of privately placed commercial paper and debt securities from multiple companies including Angel One, Godrej Industries, L&T Finance, Axis Securities, and Vedika Credit Capital to the debt market segment.

Summary

NSE has admitted privately placed securities to dealings on the Debt Market Segment effective October 08, 2025. The circular lists fresh issues and re-issues of commercial paper from Angel One Limited, Godrej Industries Limited, Godrej Properties Limited, L&T Finance Limited, Axis Securities Limited, and SMFG India Credit Company Limited. Additionally, fresh issues of debt securities (debentures) from Vedika Credit Capital Limited have been listed.

Key Points

  • Total of 6 fresh commercial paper issues admitted to trading
  • 2 fresh debt securities (debentures) from Vedika Credit Capital Limited listed
  • 2 re-issues of commercial paper from L&T Finance Limited and SMFG India Credit Company Limited
  • All securities effective from October 08, 2025
  • Face value of commercial papers: ₹5,00,000 each
  • Face value of debentures: ₹1,00,000 each
  • Maturity periods range from 22 days to 18 months for commercial paper
  • Debenture tenures of 18 months with coupon rates of 11.6% and 11.8%

Fresh Issues - Commercial Paper

Angel One Limited:

  • AOL CP 13/03/26 Sr 47 (ISIN: INE732I14CC8): 3,500 securities, issue price ₹4,83,306.5, redemption March 13, 2026
  • AOL CP 06/01/26 Sr 48 (ISIN: INE732I14CD6): 100 securities, issue price ₹4,90,558, redemption January 06, 2026

Godrej Industries Limited:

  • GIL CP 06/01/26 Sr 95 (ISIN: INE233A144L4): 1,500 securities, issue price ₹4,92,389, redemption January 06, 2026

Godrej Properties Limited:

  • GPL CP 17/12/25 Sr 74 (ISIN: INE484J14YX4): 2,000 securities, issue price ₹4,94,241, redemption December 17, 2025

L&T Finance Limited:

  • LTFL CP 29/10/25 (ISIN: INE498L14EW4): 3,000 securities, issue price ₹4,98,138.5, redemption October 29, 2025

Axis Securities Limited:

  • ASL CP 27/02/26 Sr 38 (ISIN: INE110O14GQ6): 2,000 securities, issue price ₹4,87,335, redemption February 27, 2026

Fresh Issues - Debt Securities

Vedika Credit Capital Limited:

  • VCCL 11.6% 2027 Sr A (ISIN: INE04HY07328): 3,000 securities, coupon rate 11.6%, allotment October 07, 2025, redemption April 07, 2027
  • VCCL 11.8% 2027 Sr B (ISIN: INE04HY07336): 3,000 securities, coupon rate 11.8%, allotment October 07, 2025, redemption October 07, 2027

Re-Issues

L&T Finance Limited:

  • LTFL CP 30/10/25 (ISIN: INE498L14EV6): 21,000 securities, issue price ₹4,98,054, redemption October 30, 2025

SMFG India Credit Company Limited:

  • Details truncated in source document

Regulatory Changes

No regulatory changes. This is a notification under existing Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No specific compliance actions required from members. This is an informational circular notifying members of newly admitted securities for trading on the debt market segment.

Important Dates

  • Effective Date: October 08, 2025
  • Allotment Dates: October 07-08, 2025
  • Redemption Dates: Range from October 29, 2025 to October 07, 2027

Impact Assessment

Routine operational notification with minimal market impact. Provides liquidity and trading opportunities for institutional investors in privately placed debt instruments. No changes to trading rules or member obligations.

Impact Justification

Routine listing notification of privately placed debt securities. Standard operational circular with no regulatory changes or market-wide impact.