Description
NSE notifies listing of commercial papers and other debt securities from Kotak Securities, Godrej Industries, TATA Projects, Aegis Vopak Terminals, ICICI Securities, and L&T Finance on the debt market segment.
Summary
NSE has notified the listing of privately placed debt securities on its Debt Market Segment effective January 7, 2026. The circular includes fresh issuances of commercial papers from Kotak Securities Limited, Godrej Industries Limited, and TATA Projects Limited, along with floating rate debentures from Aegis Vopak Terminals Limited. Additionally, re-issuances of commercial papers from ICICI Securities Limited and L&T Finance Limited have been admitted to dealings.
Key Points
- Fresh issue commercial papers listed from Kotak Securities (Rs 200 crore, 21-day tenure), Godrej Industries (Rs 75 crore, 174-day tenure), and TATA Projects (Rs 200 crore, 78-day tenure)
- Aegis Vopak Terminals issued floating rate debentures worth Rs 1,030 crore with 3-year maturity and call/put options at 2 years
- Re-issue commercial papers from ICICI Securities totaling Rs 750 crore across two tenures (24 days and 73 days)
- L&T Finance Limited re-issued Rs 600 crore commercial paper with 22-day tenure
- All securities allotted on January 6, 2026, and admitted to dealings on January 7, 2026
- ISIN codes assigned for each security as per annexure
Regulatory Changes
No regulatory changes introduced. This is a routine notification under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No specific compliance requirements for members. This is an informational circular notifying members about newly listed debt securities available for trading on the debt market segment.
Important Dates
- Allotment Date: January 6, 2026 (all securities)
- Listing/Trading Date: January 7, 2026
- Redemption Dates:
- Kotak Securities CP: January 27, 2026
- ICICI Securities CP (300126): January 30, 2026
- L&T Finance CP: January 28, 2026
- TATA Projects CP: March 25, 2026
- ICICI Securities CP (200326): March 20, 2026
- Godrej Industries CP: June 29, 2026
- Aegis Vopak Debentures: January 5, 2029 (Call/Put option: January 5, 2028)
Impact Assessment
Minimal market impact. This is a standard administrative notification informing exchange members about debt securities available for trading. The listing provides additional short-term and medium-term debt investment options for institutional investors. The commercial papers range from 21 to 174 days maturity, catering to various liquidity needs, while the Aegis Vopak floating rate debentures offer a longer-term debt instrument. No impact on equity trading or broader market operations.
Impact Justification
Routine administrative notification of debt securities listing with no impact on equity markets or trading regulations