Description

NSE has admitted various commercial papers from multiple companies including Godrej Agrovet, TATA Projects, ICICI Securities, and others to dealings on the Debt Market Segment effective December 15, 2025.

Summary

NSE has notified the listing of privately placed commercial papers on the Debt Market Segment effective December 15, 2025. A total of 10 commercial paper issuances from various companies have been admitted to dealings, with face values of ₹5,00,000 each and redemption dates ranging from January 20, 2026 to March 13, 2026.

Key Points

  • 10 commercial paper instruments listed on NSE Debt Market Segment
  • All securities allotted on December 12, 2025
  • Effective date of listing: December 15, 2025
  • Face value for all instruments: ₹5,00,000
  • Total quantity across all issuances: 48,400 securities
  • Redemption period: January 2026 to March 2026
  • Issuers include Godrej Agrovet, TATA Projects, ICICI Securities, Nxtra Data, Alembic Pharmaceuticals, Aditya Birla Capital, Godrej Industries, Motilal Oswal Financial Services, SIDBI, and IIFL Finance

Listed Commercial Papers

Godrej Agrovet Limited (GAL)

  • Security: GAL CP 13/03/26 Sr 49
  • ISIN: INE850D14VG0
  • Quantity: 1,000 securities
  • Issue Price: ₹4,92,413
  • Redemption: March 13, 2026

TATA Projects Limited (TPL)

  • Security: TPL CP 12/03/26 Sr 202
  • ISIN: INE725H14DO7
  • Quantity: 4,000 securities
  • Issue Price: ₹4,92,603
  • Redemption: March 12, 2026

ICICI Securities Limited (ISEC)

  • Security: ISEC CP 13/03/26
  • ISIN: INE763G14D78
  • Quantity: 10,000 securities
  • Issue Price: ₹4,91,904.5
  • Redemption: March 13, 2026

Nxtra Data Limited (NDL)

  • Security: NDL CP 11/03/26
  • ISIN: INE0BTN14162
  • Quantity: 900 securities
  • Issue Price: ₹4,92,850
  • Redemption: March 11, 2026

Alembic Pharmaceuticals Limited (APL)

  • Security: APL CP 12/03/26
  • ISIN: INE901L14CC3
  • Quantity: 3,000 securities
  • Issue Price: ₹4,92,710.5
  • Redemption: March 12, 2026

Aditya Birla Capital Limited (ABCL)

  • Security: ABCL CP 20/01/26 Sr 107
  • ISIN: INE674K14BD8
  • Quantity: 4,000 securities
  • Issue Price: ₹4,96,551.5
  • Redemption: January 20, 2026

Godrej Industries Limited (GIL)

  • Security: GIL CP 13/03/26 Sr 129
  • ISIN: INE233A145U2
  • Quantity: 1,500 securities
  • Issue Price: ₹4,92,570.5
  • Redemption: March 13, 2026

Motilal Oswal Financial Services Limited (MOFS)

  • Security: MOFS CP 13/03/2026
  • ISIN: INE338I14LO0
  • Quantity: 8,000 securities
  • Issue Price: ₹4,91,785
  • Redemption: March 13, 2026

Small Industries Development Bank of India (SIDBI)

  • Security: SIDBI CP 13/03/26 Sr 22
  • ISIN: INE556F14LW6
  • Quantity: 10,000 securities
  • Issue Price: ₹4,92,534
  • Redemption: March 13, 2026

IIFL Finance Limited (IIFL)

  • Security: IIFL CP 13/03/26 Sr 2563
  • ISIN: INE530B14GG3
  • Quantity: 6,000 securities
  • Issue Price: ₹4,89,684
  • Redemption: March 13, 2026

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 new compliance requirements for market participants. This is an administrative notification of securities admitted to dealings on the Debt Market Segment.

Important Dates

  • Allotment Date: December 12, 2025 (all securities)
  • Listing Effective Date: December 15, 2025
  • First Redemption Date: January 20, 2026 (Aditya Birla Capital)
  • Final Redemption Date: March 13, 2026 (multiple issuers)

Impact Assessment

This circular has minimal market impact as it represents routine administrative listing of debt instruments. The listing provides additional liquidity options for institutional investors in the debt market segment. No impact on equity markets or trading operations. The commercial papers listed are short-term instruments (60-90 days tenure) used by companies for working capital requirements. The diverse issuer base across sectors (agriculture, infrastructure, financial services, pharmaceuticals, data centers) reflects normal corporate financing activity.

Impact Justification

Routine administrative listing of commercial papers in debt market segment; affects debt instruments only, not equity trading; no regulatory changes or compliance requirements for market participants.