Description

NSE announces listing of privately placed commercial paper from multiple issuers including National Housing Bank, CESC, Welspun Corp, CEAT, Cholamandalam, Muthoot Finance, Nu Vista, Nuvoco Vistas, and Jio Credit on the debt market segment effective December 01, 2025.

Summary

The National Stock Exchange has admitted privately placed commercial paper securities from 10 issuers to dealings on its Debt Market Segment effective December 01, 2025. The securities were allotted on November 28, 2025, with redemption dates ranging from December 24, 2025 to November 27, 2026.

Key Points

  • 11 commercial paper instruments listed across 10 issuers
  • All securities allotted on November 28, 2025
  • Trading commences on December 01, 2025
  • Face value of ₹5,00,000 per security across all instruments
  • Total aggregate value approximately ₹43,500 crore (87,000 securities)
  • Tenure ranges from 26 days to 364 days

Listed Securities Details

National Housing Bank (NHB)

  • Security: NHB CP 27/02/26 Sr 1 (INE557F14FM7)
  • Quantity: 40,000 securities
  • Issue Price: ₹4,92,788
  • Redemption: February 27, 2026

CESC Limited

  • Security: CESC CP 27/02/26 (INE486A14FW9)
  • Quantity: 6,000 securities
  • Issue Price: ₹4,92,461.5
  • Redemption: February 27, 2026

Welspun Corp Limited

  • Security: WCL CP 29/12/25 (INE191B14721)
  • Quantity: 600 securities
  • Issue Price: ₹4,97,414.5
  • Redemption: December 29, 2025

CEAT Limited (Two Issues)

  • Security 1: CL CP 24/02/26 (INE482A14FA4)
    • Quantity: 1,000 securities
    • Issue Price: ₹4,92,788.5
    • Redemption: February 24, 2026
  • Security 2: CL CP 25/02/26 (INE482A14EZ4)
    • Quantity: 1,000 securities
    • Issue Price: ₹4,92,707.5
    • Redemption: February 25, 2026

Cholamandalam Investment and Finance Company Limited

  • Security: CIAFCL CP 27/11/26 Sr 88-94 (INE121A14YB7)
  • Quantity: 10,000 securities
  • Issue Price: ₹4,66,721
  • Redemption: November 27, 2026 (364-day tenor)

Muthoot Finance Limited

  • Security: MFL CP 16/11/26 (INE414G14VA1)
  • Quantity: 5,000 securities
  • Issue Price: ₹4,67,239
  • Redemption: November 16, 2026

Nu Vista Limited

  • Security: NVL CP 26/02/26 (INE973U14276)
  • Quantity: 2,000 securities
  • Issue Price: ₹4,92,471.5
  • Redemption: February 26, 2026

Nuvoco Vistas Corporation Limited (Two Issues)

  • Security 1: NVCL CP 24/12/25 (INE118D14AA9)
    • Quantity: 12,000 securities
    • Issue Price: ₹4,97,731
    • Redemption: December 24, 2025
  • Security 2: Additional issue (details truncated in circular)

Jio Credit Limited

  • Security: JCL CP 27/02/26 (INE282H14071)
  • Quantity: 10,000 securities
  • Issue Price: ₹4,92,087
  • Redemption: February 27, 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

  • Members are notified of the new security codes for trading purposes
  • Securities are available for trading on the debt market segment from December 01, 2025

Important Dates

  • Allotment Date: November 28, 2025 (all securities)
  • Listing/Trading Start Date: December 01, 2025
  • Redemption Dates: Range from December 24, 2025 to November 27, 2026

Impact Assessment

This is a routine administrative notification with minimal market impact. The listing of commercial paper on the debt segment provides:

  • Additional short-term debt investment options for institutional investors
  • Liquidity for privately placed commercial paper
  • Diversified funding sources for issuing corporations across sectors (banking, finance, manufacturing, infrastructure)

No impact on equity markets or trading operations. The notification is informational for NSE members to enable trading in these debt securities.

Impact Justification

Routine listing notification for privately placed commercial paper on debt segment; limited impact on equity markets