Description
NSE circular notifying the listing of various commercial papers and debt securities from multiple companies on the debt market segment effective December 26, 2025.
Summary
NSE has listed multiple privately placed debt securities on its debt market segment effective December 26, 2025. The circular covers fresh issues of commercial papers from seven companies (Tata Communications, Godrej Consumer Products, Godrej Industries, HDB Financial Services, Shriram Pistons & Rings, Nuvoco Vistas, and Bharat Heavy Electricals) and re-issues from Godrej Consumer Products and Cholamandalam Investment and Finance Company.
Key Points
- Total of 7 fresh commercial paper issues listed with maturity periods ranging from 14 days to 91 days
- Face value of all commercial papers is Rs. 5,00,000 per unit
- One re-issued commercial paper from Godrej Consumer Products Limited
- One re-issued debt security (debenture) from Cholamandalam Investment and Finance with 8.20% coupon rate maturing in February 2028
- All securities admitted to dealings on debt market segment under Regulation 3.1.1 of NSE Debt Market Trading Regulations
- Each security assigned unique ISIN codes for trading identification
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification under existing NSE Debt Market Trading Regulations.
Compliance Requirements
No new compliance requirements for market participants. Members are notified of the new security codes for trading purposes.
Important Dates
- Effective Date of Listing: December 26, 2025
- Allotment Dates: December 24-26, 2025
- Redemption Dates: Range from January 7, 2026 to March 26, 2026 for commercial papers; February 17, 2028 for Cholamandalam debenture
Impact Assessment
Minimal market impact. This is an administrative notification providing debt market participants with security codes and details for newly listed debt instruments. The listing expands available debt securities for institutional investors and provides additional funding avenues for the issuing companies. No impact on equity markets or retail investors.
Impact Justification
Routine listing notification for debt securities with no regulatory changes or market-wide implications. Affects only debt market participants and specific issuers.