Description

NSE admits privately placed Commercial Paper securities of 10 companies including Tata Steel, Godrej Industries, Aditya Birla Capital, and others to the Debt Market Segment effective February 23, 2026.

Summary

NSE has admitted privately placed Commercial Paper (CP) securities of 10 companies to dealings on the Debt Market Segment effective February 23, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. All securities were allotted on February 20, 2026.

Key Points

  • 10 Commercial Paper issuances from major corporates admitted to NSE Debt Market Segment
  • All CPs were allotted on February 20, 2026 and admitted to trading from February 23, 2026
  • Face value of Rs. 5,00,000 per unit for all securities
  • Redemption dates range from March 2026 to July 2026
  • Largest issuance: Aditya Birla Capital Limited with 37,500 units (Rs. 1,837.58 crore notional)

Regulatory Changes

No regulatory changes. This is a routine notification under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No new compliance requirements for members. Members may trade these securities on the Debt Market Segment using the designated security codes specified in the Annexure.

Important Dates

  • Date of Allotment (all securities): February 20, 2026
  • Effective Date for Trading: February 23, 2026
  • Redemption Dates:
    • Tata Steel CP (TSL CP 20/03/26): March 20, 2026
    • Blue Star CP (BSL CP 18/03/26 Sr 40): March 18, 2026
    • Godrej Properties CP (GPL CP 27/03/26 Sr 111): March 27, 2026
    • Godrej Industries CP (GIL CP 22/05/26 Sr 164): May 22, 2026
    • Aditya Birla Money CP (ABML CP 22/05/26): May 22, 2026
    • Aditya Birla Capital CP (ABCL CP 22/05/26 Sr 166): May 22, 2026
    • Tata Steel CP (TSL CP 21/05/26): May 21, 2026
    • Motilal Oswal Financial Services CP (MOFS CP 22/05/2026): May 22, 2026
    • Tata Communications CP (TCM CP 22/05/26): May 22, 2026
    • Axis Securities CP (ASL CP 01/07/26 Sr 73): July 1, 2026

Impact Assessment

This is a routine operational circular with minimal market impact. The admission of these Commercial Papers to the NSE Debt Market Segment provides liquidity options for institutional investors holding these instruments. The issuers represent well-known large-cap companies across sectors including steel, financial services, real estate, and conglomerates. No impact on equity markets or trading members’ compliance obligations.

Impact Justification

Routine admission of privately placed Commercial Paper to the NSE Debt Market Segment; no regulatory changes or compliance obligations for equity market participants.