Description
NSE announces listing of commercial papers and debt securities from multiple issuers including Godrej Industries, HDB Financial Services, IIFL Samasta Finance, Bank of India, Tata Capital, and Aditya Birla Capital on the debt market segment.
Summary
NSE has admitted privately placed debt securities to dealings on the Debt Market Segment effective December 29, 2025. The circular lists fresh issues and re-issues of commercial papers and other debt securities from six companies with their respective ISINs, face values, and maturity details.
Key Points
- Fresh issue of commercial papers from Godrej Industries Limited (1,500 securities, face value ₹5,00,000) and HDB Financial Services Ltd (10,000 securities, face value ₹5,00,000)
- Fresh issue of debt securities from IIFL Samasta Finance Limited (9.25% coupon, maturing 2028) and Bank of India (7.23% coupon, maturing 2035)
- Re-issue of commercial paper from Tata Capital Limited (9,000 securities, maturing March 23, 2026)
- Re-issue of debt securities from Aditya Birla Capital Limited (7.3789% coupon, maturing February 14, 2028)
- All securities listed with effect from December 29, 2025
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
- Issuers’ debentures/bonds allotted in dematerialized mode have been credited under temporary ISIN (IN8*********) in accordance with SEBI circular SEBI/HO/DDHS/CIR/P/2020/198 dated October 05, 2022
- All securities have been assigned designated security codes as specified in the annexure
Important Dates
- Effective Date of Listing: December 29, 2025
- Godrej Industries CP Allotment: December 26, 2025; Redemption: February 26, 2026
- HDB Financial CP Allotment: December 26, 2025; Redemption: January 5, 2026
- IIFL Samasta Finance Allotment: December 24, 2025; Redemption: December 24, 2028
- Bank of India Allotment: December 26, 2025; Redemption: December 26, 2035
- Tata Capital CP Allotment: December 26, 2025; Redemption: March 23, 2026
- Aditya Birla Capital Allotment: December 26, 2025; Redemption: February 14, 2028
Impact Assessment
Market Impact: Minimal. This is a routine administrative notification for debt market participants. The listing provides additional investment opportunities in the debt segment but does not affect equity markets or broader market operations.
Operational Impact: Relevant only for debt market participants, institutional investors, and the specific issuers mentioned. Provides liquidity options for holders of these privately placed securities.
Investor Impact: Limited to institutional investors and qualified buyers in the debt market segment who may trade these securities on the exchange platform.
Impact Justification
Routine administrative circular for debt securities listing with no impact on equity markets or trading regulations