Description
NSE notifies the listing of privately placed commercial papers and debt securities from multiple companies including Blue Star, Godrej Industries, HDB Financial Services, Toyota Financial Services, and others on the Debt Market Segment effective November 03, 2025.
Summary
NSE has admitted privately placed securities to dealings on the Debt Market Segment effective November 03, 2025. The circular lists 8 commercial papers and 2 other debt securities issued by various companies, providing details of security codes, ISINs, face values, issue prices, allotment dates, and redemption dates.
Key Points
- Total 10 debt instruments listed: 8 commercial papers and 2 debentures
- Commercial papers issued by Blue Star Limited (INE472A14OR1), Godrej Industries Limited (INE233A144Z4), Godrej Agrovet Limited (INE850D14VB1), JM Financial Services Limited (2 series: INE012I14SD9, INE012I14SC1), Welspun Living Limited (INE192B14794), HDB Financial Services Ltd (INE756I14FN7), and Kotak Securities Limited (INE028E14TI1)
- Debt securities issued by Toyota Financial Services India Limited (INE692Q07597) with 7.3% coupon rate maturing January 15, 2029, and Profectus Capital Private Limited with 9.75% coupon rate maturing 2028
- All commercial papers have face value of Rs. 5,00,000 with varying issue prices and tenures
- Allotment dates: October 31, 2025 (6 instruments) and November 03, 2025 (1 instrument)
- Shortest tenure: HDB Financial Services CP maturing November 07, 2025 (7 days)
- Longest tenure: JM Financial Services CP maturing August 28, 2026 (10 months)
Regulatory Changes
No regulatory changes announced. This is a standard listing notification issued in pursuance of Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No specific compliance requirements for market participants. This is an informational circular notifying the admission of securities to trading.
Important Dates
- Effective Date of Listing: November 03, 2025
- Allotment Dates: October 31, 2025 and November 03, 2025
- Redemption Dates: Range from November 07, 2025 to January 15, 2029
Commercial Paper Redemption Schedule:
- November 07, 2025: HDB Financial Services (Sr 308)
- November 28, 2025: Kotak Securities (Sr 158)
- January 29, 2026: Welspun Living
- January 30, 2026: Blue Star (Sr 25), Godrej Industries (Sr 108), Godrej Agrovet (Sr 43)
- February 25, 2026: JM Financial Services (Sr 26)
- August 28, 2026: JM Financial Services (Sr 27)
Debenture Redemption Schedule:
- 2028: Profectus Capital (9.75%)
- January 15, 2029: Toyota Financial Services (7.3%)
Impact Assessment
Market Impact: Minimal. This is a routine administrative listing of privately placed debt securities. The securities are already issued and allotted; this circular simply notifies their admission to exchange trading.
Operational Impact: Provides liquidity options for holders of these privately placed instruments through secondary market trading on NSE’s Debt Market Segment.
Investor Impact: Institutional investors holding these securities can now trade them on the exchange platform with designated security codes and ISINs as specified in the annexure.
Impact Justification
Routine listing notification for privately placed debt securities and commercial papers. Standard administrative circular with no regulatory changes or compliance requirements for broader market participants.