Description

NSE admits multiple commercial papers to trading on the Debt Market Segment effective October 24, 2025, including fresh issues and re-issues from major financial institutions.

Summary

NSE has admitted privately placed commercial papers from multiple companies to trading on the Debt Market Segment effective October 24, 2025. The circular lists 8 fresh issue commercial papers and 1 re-issue, with a total value exceeding Rs. 2,100 crore across various maturities ranging from January 2026 to September 2026.

Key Points

  • Fresh Issues: 8 commercial papers from 7 companies totaling 34,800 securities
  • Re-Issues: 1 commercial paper from Mahindra & Mahindra Financial Services Limited totaling 10,000 securities
  • Face Value: All securities have a face value of Rs. 5,00,000 per unit
  • Allotment Dates: October 23-24, 2025
  • Maturity Range: January 2026 to September 2026
  • Total Aggregate Value: Approximately Rs. 2,240 crore

Listed Securities Details

Fresh Issues

  1. Mahindra & Mahindra Financial Services Limited (MMFSL)

    • Series: Sr 870 | ISIN: INE774D14TF8
    • Quantity: 10,200 securities | Issue Price: Rs. 4,92,087
    • Redemption: January 22, 2026

  2. IIFL Finance Limited

    • Series: Sr 2546 | ISIN: INE530B14FJ9
    • Quantity: 2,600 securities | Issue Price: Rs. 4,80,453
    • Redemption: April 21, 2026

  3. Godrej Properties Limited (GPL)

    • Series: Sr 79 | ISIN: INE484J14ZC5
    • Quantity: 2,500 securities | Issue Price: Rs. 4,92,694.5
    • Redemption: January 19, 2026

  4. Aditya Birla Capital Limited (ABCL)

    • Series: Sr 78 | ISIN: INE674K14AV2
    • Quantity: 6,000 securities | Issue Price: Rs. 4,91,557.5
    • Redemption: January 27, 2026

  5. Godrej Industries Limited (GIL) - Two Series

    • Series Sr 101: 1,500 securities | Issue Price: Rs. 4,92,531 | Redemption: January 21, 2026
    • Series Sr 102: 1,500 securities | Issue Price: Rs. 4,92,449.5 | Redemption: January 22, 2026

  6. ICICI Securities Limited (ISEC)

    • ISIN: INE763G14B96
    • Quantity: 8,000 securities | Issue Price: Rs. 4,70,054.5
    • Redemption: September 25, 2026

  7. Kotak Securities Limited (KSL)

    • Series: Sr 151 | ISIN: INE028E14TF7
    • Quantity: 2,000 securities | Issue Price: Rs. 4,91,838
    • Allotment: October 24, 2025 | Redemption: January 22, 2026

Re-Issue

Mahindra & Mahindra Financial Services Limited (MMFSL)

  • Series: Sr 868 | ISIN: INE774D14TE1
  • Quantity: 10,000 securities | Issue Price: Rs. 4,87,179.5
  • Redemption: March 20, 2026

Regulatory Changes

No regulatory changes introduced. This circular implements existing provisions under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

  • Exchange members are notified of the admission of these securities to trading
  • Securities are available for trading on the Debt Market Segment from October 24, 2025
  • Designated security codes as specified in the annexure must be used for trading

Important Dates

  • Effective Date: October 24, 2025 - Securities admitted to dealings
  • Allotment Dates: October 23-24, 2025
  • Redemption Dates: Range from January 19, 2026 to September 25, 2026

Impact Assessment

Market Impact: Minimal. This is a routine administrative notification for debt market participants. The listing of commercial papers provides additional short-term debt instruments for institutional investors and does not directly impact equity market operations or retail investors. The securities are privately placed and traded on the wholesale debt market segment.

Impact Justification

Routine administrative listing notification for debt instruments. Does not affect equity trading or require member action beyond awareness.