Description

NSE notifies listing of commercial papers from Godrej Industries, L&T Finance, Tata Steel, ICICI Securities, and IIFL Finance on the debt market segment effective January 08, 2026.

Summary

NSE has admitted privately placed commercial papers to dealings on the Debt Market Segment effective January 08, 2026. The circular notifies fresh issues from Godrej Industries Limited, L&T Finance Limited, and Tata Steel Limited, as well as re-issues from ICICI Securities Limited, L&T Finance Limited, and IIFL Finance Limited. All securities have been assigned designated security codes and ISINs.

Key Points

  • Fresh commercial paper issues from 3 companies totaling 30,000 securities worth ₹15 billion face value
  • Re-issues from 3 companies totaling 36,000 securities worth ₹18 billion face value
  • All securities allotted on January 07, 2026
  • Redemption periods ranging from 22 days to 91 days
  • Securities listed pursuant to NSE Debt Market (Trading) Regulations 3.1.1

Fresh Issues

Godrej Industries Limited (GIL)

  • Security: GIL CP 08/04/26 141
  • ISIN: INE233A146E4
  • Quantity: 1,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,92,087
  • Redemption: April 08, 2026 (91 days)

L&T Finance Limited (LTFL)

  • Security: LTFL CP 30/01/26
  • ISIN: INE498L14FL4
  • Quantity: 4,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,98,051
  • Redemption: January 30, 2026 (23 days)

Tata Steel Limited (TSL) - Issue 1

  • Security: TSL CP 17/02/26
  • ISIN: INE081A14GM7
  • Quantity: 12,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,96,652.5
  • Redemption: February 17, 2026 (41 days)

Tata Steel Limited (TSL) - Issue 2

  • Security: TSL CP 25/03/26
  • ISIN: INE081A14GL9
  • Quantity: 13,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,93,699
  • Redemption: March 25, 2026 (77 days)

Re-Issues

ICICI Securities Limited (ISEC)

  • Security: ISEC CP 13/03/26
  • ISIN: INE763G14D78
  • Quantity: 10,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,94,365.5
  • Redemption: March 13, 2026 (65 days)

L&T Finance Limited (LTFL)

  • Security: LTFL CP 29/01/26
  • ISIN: INE498L14EY0
  • Quantity: 21,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,98,135.5
  • Redemption: January 29, 2026 (22 days)

IIFL Finance Limited (IIFL)

  • Security: IIFL CP 10/03/26 Sr 2562
  • ISIN: INE530B14GF5
  • Series: IIFL 2562 R1
  • Quantity: 5,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,92,883.5
  • Redemption: March 10, 2026 (62 days)

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification under existing NSE Debt Market (Trading) Regulations 3.1.1.

Compliance Requirements

No new compliance requirements. This is an informational circular notifying members of newly listed debt securities on the exchange.

Important Dates

  • Allotment Date: January 07, 2026 (all securities)
  • Listing Effective Date: January 08, 2026
  • Redemption Dates: Range from January 29, 2026 to April 08, 2026

Impact Assessment

Market Impact: Low - Routine listing of commercial papers in the debt market segment. These are short-term instruments with tenors under 91 days.

Operational Impact: Minimal - Standard debt market operations. Members can trade these securities starting January 08, 2026.

Investor Impact: Provides additional short-term debt investment options from established issuers including financial services companies and industrial conglomerates.

Impact Justification

Routine listing notification for privately placed commercial papers with no regulatory changes or compliance requirements