Description

NSE admits privately placed Commercial Paper securities from multiple issuers to the debt market segment effective November 21, 2025.

Summary

The National Stock Exchange has admitted privately placed Commercial Paper (CP) securities from ten issuers to dealings on the Debt Market Segment effective November 21, 2025. The circular lists securities from HDFC Securities Limited, ICICI Securities Limited, Aditya Birla Money Limited, Godrej Industries Limited, Aditya Birla Capital Limited, Nuvoco Vistas Corporation Limited, Godrej Agrovet Limited, Jio Credit Limited, and HSBC Investdirect Financial Services (I) Limited, with redemption dates ranging from December 2025 to May 2026.

Key Points

  • Ten issuers have listed Commercial Paper securities on NSE’s debt market segment
  • Total of 10 distinct CP issuances with varying quantities and redemption dates
  • All securities have a face value of ₹5,00,000 per unit
  • Allotment dates are primarily November 20-21, 2025
  • Issue prices range from ₹4,83,226 to ₹4,97,538 per unit
  • Total quantity ranges from 1,000 to 11,000 securities per issuance

Listed Securities Details

HDFC Securities Limited

  • HSL CP 19/02/2026: 9,500 securities, ISIN INE700G14RB9, Issue Price ₹4,91,871.5
  • HSL CP 20/02/2026: 4,000 securities, ISIN INE700G14RC7, Issue Price ₹4,91,887.5

ICICI Securities Limited

  • ISEC CP 24/03/26: 7,000 securities, ISIN INE763G14D29, Issue Price ₹4,88,970

Aditya Birla Money Limited

  • ABML CP 18/02/26: 3,000 securities, ISIN INE865C14OU6, Issue Price ₹4,91,659.5

Godrej Industries Limited

  • GIL CP 18/02/26 Sr 118: 1,500 securities, ISIN INE233A145J5, Issue Price ₹4,92,531

Aditya Birla Capital Limited

  • ABCL CP 18/02/26 Sr 91-95: 11,000 securities, ISIN INE674K14BA4, Issue Price ₹4,92,089

Nuvoco Vistas Corporation Limited

  • NVCL CP 18/12/25: 1,000 securities, ISIN INE118D14993, Issue Price ₹4,97,538 (shortest tenure)

Godrej Agrovet Limited

  • GAL CP 20/02/26 Sr 47: 1,500 securities, ISIN INE850D14VF2, Issue Price ₹4,92,497.5

Jio Credit Limited

  • JCL CP 18/02/26 Sr 6: 10,000 securities, ISIN INE282H14063, Issue Price ₹4,92,112.5

HSBC Investdirect Financial Services (I) Limited

  • HIFSIL CP 21/05/26 Sr 33: 2,000 securities, ISIN INE790I14GV7, Issue Price ₹4,83,226 (longest tenure)

Regulatory Changes

No regulatory changes. This is a routine listing notification issued in pursuance of Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No specific compliance actions required from market participants. This is an informational circular notifying members of new debt securities available for trading.

Important Dates

  • Effective Date of Listing: November 21, 2025
  • Allotment Dates: November 20-21, 2025
  • Redemption Dates:
    • December 18, 2025 (Nuvoco Vistas - earliest)
    • February 18-20, 2026 (Multiple issuers)
    • March 24, 2026 (ICICI Securities)
    • May 21, 2026 (HSBC Investdirect - latest)

Impact Assessment

This is a routine operational circular with minimal market impact. The listing of these Commercial Paper securities expands the available debt instruments on NSE’s debt market segment, providing investors with additional short-term debt investment options from established corporate issuers. The securities have tenures ranging from approximately 28 days to 182 days, typical for commercial paper instruments. No impact on equity markets or broader regulatory framework.

Impact Justification

Routine listing notification for privately placed commercial paper securities. Standard debt market activity with no regulatory changes or market-wide implications.