Description
NSE announces the listing of privately placed commercial papers from Torrent Pharma, Blue Star, Tata Capital, Godrej Industries, HDB Financial, and Bahadur Chand Investments, along with debentures from Muthoot Finance and Emerald Haven Life Spaces entities, effective January 20, 2026.
Summary
NSE has admitted privately placed debt securities to dealings on the Debt Market Segment effective January 20, 2026. The listing includes six commercial papers (CPs) totaling Rs 25,250 crore face value from major corporates and three debenture issues totaling Rs 40,800 crore face value.
Key Points
- Total of 6 commercial papers and 3 debenture issues listed
- Commercial papers have maturity ranging from 16 days to 365 days
- Debentures have long-term tenure of 10-20 years
- All securities allotted on January 19, 2026 (except Muthoot Finance on January 16, 2026)
- Listing pursuant to Regulation 3.1.1 of NSE Debt Market (Trading) Regulations
Commercial Papers Listed
Torrent Pharmaceuticals Limited
- ISIN: INE685A14187
- Quantity: 30,000 units of Rs 5 lakh face value
- Issue Price: Rs 4,68,833.5 per unit
- Maturity: December 22, 2026 (337 days)
Blue Star Limited
- ISIN: INE472A14PA4
- Quantity: 2,000 units of Rs 5 lakh face value
- Issue Price: Rs 4,93,880.5 per unit
- Maturity: March 27, 2026 (67 days)
Tata Capital Limited
- ISIN: INE976I14QT5
- Quantity: 6,000 units of Rs 5 lakh face value
- Issue Price: Rs 4,91,760 per unit
- Maturity: April 17, 2026 (88 days)
Godrej Industries Limited
- ISIN: INE233A146K1
- Quantity: 1,500 units of Rs 5 lakh face value
- Issue Price: Rs 4,91,423.5 per unit
- Maturity: April 20, 2026 (91 days)
HDB Financial Services Ltd
- ISIN: INE756I14FS6
- Quantity: 6,000 units of Rs 5 lakh face value
- Issue Price: Rs 4,98,645 per unit
- Maturity: February 4, 2026 (16 days)
Bahadur Chand Investments Private Limited
- ISIN: INE087M14BZ2
- Quantity: 5,000 units of Rs 5 lakh face value
- Issue Price: Rs 4,61,042 per unit
- Maturity: January 19, 2027 (365 days)
Debentures Listed
Muthoot Finance Limited
- ISIN: INE414G08355
- Quantity: 30,000 units of Rs 1 lakh face value
- Issue Price: Rs 1,00,000 per unit (at par)
- Coupon Rate: 8.7% per annum
- Maturity: January 16, 2036 (10 years)
- Allotment Date: January 16, 2026
Emerald Haven Life Spaces 2 Private Limited
- ISIN: INE0TO808083
- Quantity: 4,045 units of Rs 1 lakh face value
- Issue Price: Rs 1,00,000 per unit (at par)
- Coupon Rate: 7% per annum
- Maturity: January 19, 2046 (20 years)
Emerald Haven Life Spaces 3 Private Limited
- ISIN: INE0TV208079
- Quantity: 6,755 units of Rs 1 lakh face value
- Issue Price: Rs 1,00,000 per unit (at par)
- Coupon Rate: 7% per annum
- Maturity: January 19, 2046 (20 years)
Regulatory Changes
No regulatory changes announced. This is a routine listing notification under existing regulations.
Compliance Requirements
- Securities admitted to dealings on the Debt Market Segment as per Regulation 3.1.1 of NSE Debt Market (Trading) Regulations
- Designated security codes assigned as specified in the annexure
- No specific compliance actions required from members
Important Dates
- Circular Date: January 20, 2026
- Effective Date: January 20, 2026
- Allotment Dates: January 16, 2026 (Muthoot Finance); January 19, 2026 (all others)
Impact Assessment
Market Impact: Low - Routine listing of privately placed debt securities with no impact on equity markets or trading operations.
Operational Impact: Minimal - Securities now available for trading on NSE Debt Market Segment with assigned security codes.
Investor Impact: Provides additional investment opportunities in debt instruments for institutional and qualified investors in the secondary market.
Liquidity: Limited secondary market liquidity expected as these are privately placed securities primarily held until maturity.
Impact Justification
Routine listing notification for privately placed debt securities with no regulatory changes or broad market impact