Description

NSE announces listing of 7 commercial papers and 2 debentures from various companies including EPL Limited, SIDBI, Muthoot Finance, Kotak Securities, TATA Projects, and Cholamandalam on the debt market segment effective December 04, 2025.

Summary

NSE has admitted 9 privately placed debt securities to the Debt Market Segment effective December 04, 2025. The listing includes 7 commercial papers from EPL Limited, HSBC Investdirect Financial Services, Godrej Industries, SIDBI, Muthoot Finance, Kotak Securities, and Deutsche Investments India, along with 2 non-convertible debentures from TATA Projects Limited and Cholamandalam Investment and Finance Company Limited.

Key Points

  • Total Securities Listed: 9 debt instruments (7 commercial papers + 2 debentures)
  • Effective Date: December 04, 2025
  • Regulatory Basis: Regulation 3.1.1 of NSE Debt Market (Trading) Regulations
  • Largest Issue: SIDBI commercial paper worth Rs 255 crore (51,000 securities × Rs 5 lakh face value)
  • Longest Tenure: Muthoot Finance CP maturing December 03, 2026 (365 days)
  • Debenture Tenure: Both TATA Projects and Cholamandalam debentures have 3-year tenure (2028 maturity)

Commercial Papers Listed

EPL Limited

  • ISIN: INE255A14700
  • Quantity: 900 securities
  • Face Value: Rs 5,00,000
  • Issue Price: Rs 4,42,926
  • Allotment Date: December 03, 2025
  • Redemption Date: March 02, 2026

HSBC Investdirect Financial Services (I) Limited

  • ISIN: INE790I14HA9
  • Series: Sr 38
  • Quantity: 2,000 securities
  • Face Value: Rs 5,00,000
  • Issue Price: Rs 4,91,981.5
  • Allotment Date: December 03, 2025
  • Redemption Date: March 03, 2026

Godrej Industries Limited

  • ISIN: INE233A145O5
  • Series: Sr 123
  • Quantity: 1,500 securities
  • Face Value: Rs 5,00,000
  • Issue Price: Rs 4,92,555
  • Allotment Date: December 03, 2025
  • Redemption Date: March 03, 2026

Small Industries Development Bank of India (SIDBI)

  • ISIN: INE556F14LT2
  • Series: Sr 19
  • Quantity: 51,000 securities
  • Face Value: Rs 5,00,000
  • Issue Price: Rs 4,84,818.5
  • Allotment Date: December 03, 2025
  • Redemption Date: June 03, 2026

Muthoot Finance Limited

  • ISIN: INE414G14VB9
  • Quantity: 4,000 securities
  • Face Value: Rs 5,00,000
  • Issue Price: Rs 4,66,200.5
  • Allotment Date: December 03, 2025
  • Redemption Date: December 03, 2026

Kotak Securities Limited

  • ISIN: INE028E14TX0
  • Series: Sr 207
  • Quantity: 13,000 securities
  • Face Value: Rs 5,00,000
  • Issue Price: Rs 4,91,942
  • Allotment Date: December 04, 2025
  • Redemption Date: March 05, 2026

Deutsche Investments India Private Limited

  • ISIN: INE144H14IA9
  • Series: Sr 370
  • Quantity: 5,000 securities
  • Face Value: Rs 5,00,000
  • Issue Price: Rs 4,83,253
  • Allotment Date: December 04, 2025
  • Redemption Date: June 04, 2026

Debentures Listed

TATA Projects Limited

  • ISIN: INE725H08253
  • Series: Sr W
  • Quantity: 25,000 securities
  • Face Value: Rs 1,00,000
  • Issue Price: Rs 1,00,000
  • Coupon Rate: 7.39%
  • Allotment Date: December 03, 2025
  • Redemption Date: December 01, 2028
  • Call/Put Option: NA

Cholamandalam Investment and Finance Company Limited

  • ISIN: INE121A07SP3
  • Series: Sr 656
  • Quantity: 50,000 securities
  • Face Value: Rs 1,00,000
  • Issue Price: Rs 1,00,000
  • Coupon Rate: 7.36%
  • Allotment Date: December 02, 2025
  • Redemption Date: December 02, 2028
  • Call/Put Option: NA

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification under existing NSE Debt Market (Trading) Regulations 3.1.1.

Compliance Requirements

  • Exchange members are informed about the admission of these securities to dealings on the Debt Market Segment
  • Designated security codes as specified in the annexure must be used for trading these instruments
  • Standard debt market trading and settlement procedures apply

Important Dates

  • Circular Issue Date: December 04, 2025
  • Effective Listing Date: December 04, 2025
  • Earliest Redemption: March 02, 2026 (EPL CP)
  • Latest Redemption: December 03, 2026 (Muthoot Finance CP) for commercial papers; December 02, 2028 (Cholamandalam) for debentures

Impact Assessment

Market Impact: Low - This is a routine operational circular informing members about new debt instruments available for trading. The listing provides additional debt investment opportunities but does not affect equity markets or impose new regulatory requirements.

Operational Impact: Minimal - Members can now trade these securities on the debt market segment using the designated security codes. No changes to existing trading procedures or systems required.

Investor Impact: Low - Provides institutional investors with additional short-term (3-12 months) and medium-term (3 years) debt investment options from established issuers across financial services, infrastructure, and industrial sectors.

Impact Justification

Routine listing notification for privately placed debt securities with no direct impact on equity trading or regulatory changes. Standard operational circular informing members about new debt instruments available for trading.