Description
NSE notifies the listing of privately placed commercial papers and other debt securities from multiple issuers including Aditya Birla Money, Godrej Properties, IIFL Finance, Godrej Agrovet, Motilal Oswal, and Power Finance Corporation with effect from November 04, 2025.
Summary
NSE has admitted privately placed securities to dealings on the Debt Market Segment with effect from November 04, 2025. The circular lists six issuances: five commercial papers (CP) and one other debt security (bond). Total value of commercial papers is Rs. 87.5 crores (17,500 securities × Rs. 5 lakhs face value) and the bond issuance is Rs. 2,486 crores.
Key Points
- Five commercial papers issued by Aditya Birla Money Limited, Godrej Properties Limited, IIFL Finance Limited, Godrej Agrovet Limited, and Motilal Oswal Financial Services Limited
- One bond issued by Power Finance Corporation Limited with 7.10% coupon rate maturing in 2040
- All commercial papers have face value of Rs. 5,00,000 per security
- Commercial paper maturities range from 88 to 91 days (January-February 2026)
- All securities allotted on November 03, 2025 and listed on November 04, 2025
- Unique ISIN codes assigned to each security for trading identification
Securities Details
Commercial Papers
Aditya Birla Money Limited (ABML)
- Quantity: 3,000 securities
- Issue Price: Rs. 4,91,423.50
- Redemption: February 02, 2026
- ISIN: INE865C14OQ4
Godrej Properties Limited (GPL)
- Quantity: 2,500 securities (Series 82)
- Issue Price: Rs. 4,92,425
- Redemption: February 02, 2026
- ISIN: INE484J14ZG6
IIFL Finance Limited (IIFL)
- Quantity: 7,000 securities (Series 2553)
- Issue Price: Rs. 4,90,017
- Redemption: January 30, 2026
- ISIN: INE530B14FX0
Godrej Agrovet Limited (GAL)
- Quantity: 1,000 securities (Series 44)
- Issue Price: Rs. 4,92,437
- Redemption: February 02, 2026
- ISIN: INE850D14VC9
Motilal Oswal Financial Services Limited (MOFS)
- Quantity: 4,000 securities
- Issue Price: Rs. 4,91,375
- Redemption: February 02, 2026
- ISIN: INE338I14LF8
Other Debt Securities
Power Finance Corporation Limited (PFCL)
- Security Type: Pass Through (PT)
- Quantity: 2,48,600 securities (Series 254)
- Face Value: Rs. 1,00,000
- Issue Price: Rs. 1,00,000 (at par)
- Coupon Rate: 7.10%
- Redemption: November 12, 2040
- ISIN: INE134E08NX1
- No call or put options
Regulatory Changes
No regulatory changes introduced. This is a standard notification issued in pursuance of Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
- Members must note the designated security codes for trading purposes
- Securities admitted to dealings on the Debt Market Segment effective November 04, 2025
- Trading participants should update their systems with the ISIN codes and security details provided
Important Dates
- Allotment Date: November 03, 2025 (all securities)
- Listing Date: November 04, 2025 (effective date for trading)
- CP Redemption Dates: January 30, 2026 to February 02, 2026
- Bond Redemption Date: November 12, 2040 (PFC bond)
Impact Assessment
Market Impact: Minimal. This is a routine listing notification for privately placed debt securities. These securities are typically traded among institutional investors and do not affect retail markets.
Operational Impact: None for general market participants. Only relevant to debt market segment participants who may trade these specific securities.
Liquidity: Commercial papers provide short-term financing options for the issuing companies. The PFC bond adds a long-tenure debt instrument to the market with a 15-year maturity period.
Investor Base: Primarily institutional investors including mutual funds, insurance companies, and banks that participate in private placement markets.
Impact Justification
Routine administrative circular notifying the listing of privately placed debt securities. Standard listing notification with no market-wide implications or regulatory changes.