Description
NSE announces listing of commercial papers from multiple companies including Kisetsu Saison Finance, Godrej Industries, Aditya Birla Money, TATA Projects, HDB Financial Services, ICICI Securities, CEAT, and Motilal Oswal Financial Services on the debt market segment.
Summary
NSE has admitted privately placed commercial papers from nine issuers to dealings on the Debt Market Segment with effect from November 18, 2025. The circular lists security codes, ISIN numbers, face values, issue prices, allotment dates (all November 17, 2025), and redemption dates ranging from December 26, 2025 to June 3, 2026.
Key Points
- Total of 10 commercial paper instruments listed from 8 different issuers
- All securities allotted on November 17, 2025 and listed on November 18, 2025
- Face value for all instruments: ₹5,00,000 per unit
- Issue prices range from ₹4,81,764 to ₹4,96,630.5 per unit
- Tenures range from 39 days to 198 days
- Total quantity: 43,500 units across all issuances
Issuers and Details
Kisetsu Saison Finance (India) Private Limited
- Security: KSFP CP 13/02/26 Sr 6 (ISIN: INE0DZE14263)
- Quantity: 2,000 units | Issue Price: ₹4,91,993.5
- Redemption: February 13, 2026
Godrej Industries Limited
- Security: GIL CP 16/02/26 Sr 116 (ISIN: INE233A145F3)
- Quantity: 1,500 units | Issue Price: ₹4,92,510
- Redemption: February 16, 2026
Aditya Birla Money Limited
- Security: ABML CP 16/02/26 (ISIN: INE865C14OT8)
- Quantity: 2,000 units | Issue Price: ₹4,91,532
- Redemption: February 16, 2026
TATA Projects Limited
- Security: TPL CP 16/02/26 Sr 200 (ISIN: INE725H14DM1)
- Quantity: 4,000 units | Issue Price: ₹4,92,389
- Redemption: February 16, 2026
HDB Financial Services Ltd
- Security: HFSL CP 26/12/25 Sr 311 (ISIN: INE756I14FO5)
- Quantity: 14,000 units | Issue Price: ₹4,96,630.5
- Redemption: December 26, 2025 (shortest tenure - 39 days)
ICICI Securities Limited (3 instruments)
- ISEC CP 25/05/26 (ISIN: INE763G14C87): 4,000 units @ ₹4,82,848.5, Redemption: May 25, 2026
- ISEC CP 13/02/26 (ISIN: INE763G14C95): 6,000 units @ ₹4,92,121.5, Redemption: February 13, 2026
- ISEC CP 03/06/26 (ISIN: INE763G14C79): 2,000 units @ ₹4,82,061, Redemption: June 3, 2026 (longest tenure - 198 days)
CEAT Limited
- Security: CL CP 16/02/26 (ISIN: INE482A14EY7)
- Quantity: 1,000 units | Issue Price: ₹4,92,425
- Redemption: February 16, 2026
Motilal Oswal Financial Services Limited
- Security: MOFS CP 25/05/2026 (ISIN: INE338I14LK8)
- Quantity: 7,000 units | Issue Price: ₹4,81,764
- Redemption: May 25, 2026
Regulatory Changes
No regulatory changes. This is a routine listing notification pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements. Standard debt market trading regulations apply to these listed commercial papers.
Important Dates
- Allotment Date: November 17, 2025 (all instruments)
- Listing Date: November 18, 2025 (effective date)
- Redemption Dates:
- December 26, 2025: HDB Financial Services
- February 13, 2026: Kisetsu Saison Finance, ICICI Securities (1 instrument)
- February 16, 2026: Godrej Industries, Aditya Birla Money, TATA Projects, CEAT
- May 25, 2026: ICICI Securities (1 instrument), Motilal Oswal Financial Services
- June 3, 2026: ICICI Securities (1 instrument)
Impact Assessment
Minimal impact on equity markets. This is a routine debt market operation involving short-term commercial paper listings. The listings provide additional funding options for the issuers and investment opportunities for debt market participants. The securities are privately placed and cater primarily to institutional investors in the debt market segment.
Impact Justification
Routine listing notification for commercial papers; minimal impact on equity markets; standard debt market operations