Description

NSE circular notifying the listing of privately placed commercial papers from multiple issuers including PCPL, ISEC, GIL, TEIL, TCSL, HSL, HFSL, and ASL on the debt market segment effective January 22, 2026.

Summary

NSE has admitted privately placed commercial papers (CPs) from nine companies to the debt market segment effective January 22, 2026. The circular covers both fresh issues and re-issues of commercial papers with redemption dates ranging from February 2026 to July 2026.

Key Points

  • Fresh CP issues listed from 6 companies: Profectus Capital, ICICI Securities, Godrej Industries, Triveni Engineering, TVS Credit Services, and HDFC Securities
  • Re-issues listed from 4 companies: HDFC Securities, HDB Financial Services, Axis Securities, and ICICI Securities
  • Total fresh issue quantity: 9,700 securities with face value of ₹5,00,000 each
  • Total re-issue quantity: 11,500 securities with face value of ₹5,00,000 each
  • All securities admitted under Regulation 3.1.1 of NSE Debt Market (Trading) Regulations
  • Issue prices range from ₹4,78,069 to ₹4,98,814 per security (discounted from face value)

Regulatory Changes

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

Compliance Requirements

No new compliance requirements for market participants. The circular is informational, notifying members of newly listed debt securities and their designated security codes.

Important Dates

  • Effective Date of Listing: January 22, 2026
  • Allotment Dates: January 21-22, 2026
  • Redemption Dates: Range from February 4, 2026 to July 22, 2026
    • Shortest tenure: HFSL CP (14 days) - Redeems February 4, 2026
    • Longest tenure: PCPL CP (182 days) - Redeems July 22, 2026

Impact Assessment

Market Impact: Minimal. This is a routine administrative notification of debt securities listing on the wholesale debt segment. These commercial papers are privately placed instruments typically traded among institutional investors and do not affect retail equity markets.

Operational Impact: None for equity market participants. Debt market participants can now trade these securities using the designated ISIN codes and security codes provided in the annexure.

Impact Justification

Routine notification of privately placed commercial paper listings on debt segment with no impact on equity markets or trading rules