Description
NSE announces the admission of various commercial papers from multiple issuers including TCHFL, ISEC, IIFL, Godrej Group, SIDBI, Aditya Birla Capital, and L&T Finance to the debt market segment effective November 14, 2025.
Summary
NSE has admitted various privately placed commercial papers to the debt market segment effective November 14, 2025. The circular lists 10 commercial paper issuances from major financial institutions and corporations including Tata Capital Housing Finance, ICICI Securities, IIFL entities, Godrej group companies, SIDBI, Aditya Birla Capital, and L&T Finance with maturity periods ranging from December 2025 to May 2026.
Key Points
- Total of 10 commercial paper instruments listed on NSE debt market segment
- Issuers include Tata Capital Housing Finance, ICICI Securities, IIFL Samasta Finance, IIFL Capital Services, Godrej Industries, Godrej Properties, Godrej Consumer Products, SIDBI, Aditya Birla Capital, and L&T Finance
- All securities allotted on November 13, 2025
- Face value for all instruments is Rs. 5,00,000
- Maturity dates range from November 26, 2025 to May 14, 2026
- Largest issuance: SIDBI with 119,400 securities (Rs. 59.7 billion)
- Total quantity across all issuances: 189,000 securities
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification under 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 members about newly listed debt securities.
Important Dates
- November 13, 2025: Allotment date for all listed securities
- November 14, 2025: Effective date for admission to dealings on debt market segment
- November 26, 2025: First redemption date (L&T Finance CP)
- December 15, 2025: GCPL CP redemption
- February 3-12, 2026: Multiple CP redemptions
- May 12-14, 2026: Final redemption dates for longest tenure CPs
Impact Assessment
Minimal market impact as this is a routine administrative notification. The listing provides additional debt instruments for institutional investors and increases liquidity options in the debt market segment. The issuances reflect continued commercial paper activity by major financial institutions and corporate entities for short-term funding requirements.
Impact Justification
Routine listing of commercial papers on debt market segment with no market-wide impact or regulatory changes