Description
NSE lists commercial papers from 10 companies including Godrej Properties, ICICI Securities, Kotak Securities, and others on the debt market segment effective December 17, 2025.
Summary
NSE has admitted privately placed commercial papers of 10 companies to dealings on the Debt Market Segment effective December 17, 2025. The listed securities include commercial papers from Godrej Properties Limited, Godrej Industries Limited, Aditya Birla Money Limited, Godrej Agrovet Limited, ICICI Securities Limited, Aditya Birla Capital Limited, Godrej Consumer Products Limited, Tata Consumer Products Limited, Kotak Securities Limited, and HDFC Securities Limited with maturity dates ranging from January 2026 to March 2026.
Key Points
- Total of 10 commercial paper issuances listed across multiple companies
- All securities allotted on December 16-17, 2025
- Face value of ₹5,00,000 per security across all issuances
- Maturity periods ranging from 21 days to 91 days
- Largest issuance: Kotak Securities Limited with 13,000 securities (₹650 crore)
- Total combined issuance value: approximately ₹1,750 crore
- Issue prices range from ₹491,568 to ₹498,134 per security
- All securities are commercial papers (CP) with designated ISINs
Regulatory Changes
No regulatory changes. This is a routine listing notification under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
- Members to note the listing of specified securities on the debt market segment
- Trading permitted from effective date of December 17, 2025
- Securities to be identified by designated security codes and ISINs as specified
Important Dates
- Effective Date of Listing: December 17, 2025
- Allotment Dates: December 16-17, 2025
- Redemption Dates:
- January 6, 2026: ICICI Securities Limited
- January 13, 2026: Aditya Birla Capital Limited
- January 16, 2026: Godrej Agrovet Limited
- March 13, 2026: Tata Consumer Products Limited
- March 16, 2026: Godrej Properties Limited
- March 17, 2026: Godrej Industries, Aditya Birla Money, Godrej Consumer, Kotak Securities, HDFC Securities
Impact Assessment
Market Impact: Low - Routine listing of commercial papers in the debt market segment with no impact on equity markets.
Operational Impact: Administrative notification for market participants to enable trading of newly listed debt securities.
Issuer Profile: Mix of large corporates from diversified sectors including real estate (Godrej Properties), FMCG (Godrej Consumer, Tata Consumer), financial services (ICICI Securities, Kotak Securities, HDFC Securities, Aditya Birla Capital, Aditya Birla Money), and agriculture (Godrej Agrovet).
Liquidity: Provides short-term funding avenue for issuers and investment options for debt market participants with maturities between 21-91 days.
Impact Justification
Routine listing of commercial papers by multiple companies on debt market segment with no market-wide impact or regulatory changes