Description

Notification of admission of privately placed commercial papers and debentures from multiple issuers including The Ramco Cements, Welspun Corp, L&T Finance, and securities firms to the NSE Debt Market Segment effective October 13, 2025.

Summary

NSE has admitted privately placed debt securities to dealings on its Debt Market Segment with effect from October 13, 2025. The circular lists fresh issues and re-issues of commercial papers (CPs) from various companies including The Ramco Cements Limited, Welspun Corp Limited, Nu Vista Limited, Welspun Living Limited, and securities firms. Additionally, fresh debenture issues from Aseem Infrastructure Finance Limited and L&T Finance Limited have been listed.

Key Points

  • Fresh CP Issues: 4 new commercial paper listings with maturities ranging from December 2025 to January 2026
  • Fresh Debenture Issues: 2 new debenture listings with maturities in 2027 and 2028
  • Re-issued CPs: 3 commercial paper re-issues from Axis Securities, HDFC Securities, and Angel One Limited
  • All securities allotted on October 10, 2025 (except Angel One on October 13, 2025)
  • Face values predominantly at Rs. 5,00,000 for CPs and Rs. 1,00,000 for debentures
  • Issued under Regulation 3.1.1 of NSE Debt Market (Trading) Regulations

Fresh Issue Details

Commercial Papers:

  1. The Ramco Cements Limited (TRCL)

    • ISIN: INE331A14OH0
    • Quantity: 2,000 units
    • Face Value: Rs. 5,00,000
    • Issue Price: Rs. 4,93,520.5
    • Redemption: December 29, 2025

  2. Welspun Corp Limited (WCL)

    • ISIN: INE191B14747
    • Quantity: 1,000 units
    • Face Value: Rs. 5,00,000
    • Issue Price: Rs. 4,94,218.5
    • Redemption: December 19, 2025

  3. Nu Vista Limited (NVL)

    • ISIN: INE973U14250
    • Quantity: 2,000 units
    • Face Value: Rs. 5,00,000
    • Issue Price: Rs. 4,94,124.5
    • Redemption: December 19, 2025

  4. Welspun Living Limited (WLL)

    • ISIN: INE192B14786
    • Quantity: 600 units
    • Face Value: Rs. 5,00,000
    • Issue Price: Rs. 4,92,351.5
    • Redemption: January 8, 2026

Debentures:

  1. Aseem Infrastructure Finance Limited (AIFL)

    • ISIN: INE0AD507192
    • Coupon Rate: 7.6825%
    • Quantity: 25,000 units
    • Face Value: Rs. 1,00,000
    • Issue Price: Rs. 1,00,000
    • Redemption: October 8, 2027
    • Series: Sr G1

  2. L&T Finance Limited (LTFL)

    • ISIN: INE498L07194
    • Coupon Rate: 7.2190%
    • Quantity: 105,000 units
    • Face Value: Rs. 1,00,000
    • Issue Price: Rs. 1,00,000
    • Redemption: November 10, 2028
    • Series: Sr I

Re-Issue Details

Commercial Papers:

  1. Axis Securities Limited (ASL)

    • ISIN: INE110O14GQ6
    • Series: Sr 39
    • Quantity: 1,500 units
    • Face Value: Rs. 5,00,000
    • Issue Price: Rs. 4,87,509
    • Redemption: February 27, 2026

  2. HDFC Securities Limited (HSL)

    • ISIN: INE700G14PC1
    • Quantity: 6,000 units
    • Face Value: Rs. 5,00,000
    • Issue Price: Rs. 5,00,000 (at par)
    • Redemption: October 27, 2025

  3. Angel One Limited (AOL)

    • ISIN: INE732I14CC8
    • Series: Sr 49
    • Quantity: 3,500 units
    • Face Value: Rs. 5,00,000
    • Issue Price: Rs. 4,83,924
    • Allotment Date: October 13, 2025
    • Redemption: March 13, 2026

Regulatory Changes

No regulatory changes introduced. This is a routine notification under existing NSE Debt Market (Trading) Regulations.

Compliance Requirements

No new compliance requirements. Market participants can trade these securities on the NSE Debt Market Segment using the designated security codes and ISINs provided in the annexure.

Important Dates

  • Effective Date: October 13, 2025 - Securities admitted to dealings
  • Allotment Dates: October 10, 2025 (most securities); October 13, 2025 (Angel One CP)
  • Redemption Dates: Range from October 27, 2025 to November 10, 2028 depending on the security

Impact Assessment

Market Impact: Low - This is a routine administrative notification for debt market participants. The listing provides additional fixed-income investment options for institutional investors participating in the debt market segment.

Operational Impact: Minimal - No changes to trading procedures or systems. Market participants can trade these securities using standard debt market protocols with the assigned security codes and ISINs.

Investor Impact: The fresh debenture issues offer medium-term investment opportunities with coupon rates of 7.2190% and 7.6825%, providing fixed-income options in the current interest rate environment. Commercial papers provide short-term liquidity management instruments with maturities ranging from 14 days to approximately 5 months.

Impact Justification

Routine listing notification of debt securities without operational changes to trading or compliance requirements