Description
NSE admits three privately placed debt securities to dealings on the capital market segment effective February 26, 2026, including bonds from Cholamandalam Investment and Finance Company Limited and Shriram Pistons & Rings Limited.
Summary
NSE has notified the listing and admission to dealings of three privately placed debt securities on the Capital Market segment effective February 26, 2026, pursuant to Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A. The securities include bonds from Cholamandalam Investment and Finance Company Limited and Shriram Pistons & Rings Limited, all with a market lot size of 1 unit in the N0 series.
Key Points
- Three debt instruments admitted to NSE Capital Market segment from February 26, 2026
- All securities trade under Series N0 with a market lot of 1
- Cholamandalam Investment and Finance Company Limited lists one bond (8.66% coupon, maturing February 2033)
- Shriram Pistons & Rings Limited lists two bonds (7.30% maturing August 2027 and 7.35% maturing February 2028)
- Securities are identified by designated codes for trading purposes; lot sizes as per Annexure
Regulatory Changes
No new regulatory changes introduced. Listing is pursuant to existing Regulation 3.1.1 (admission to dealings) and Regulation 2.5.5 (lot sizes) of the NSE Capital Market Trading Regulations Part A.
Compliance Requirements
- All NSE members must use the designated security codes for trading these instruments
- Trading must be conducted in the specified lot sizes (1 unit per lot for all three securities)
- Members should update their systems to reflect the new securities effective February 26, 2026
Important Dates
- Circular Date: February 25, 2026
- Effective Date: February 26, 2026
- CIFCL 8.66% Bond Maturity: February 23, 2033
- SPRL 7.30% Bond Maturity: August 23, 2027
- SPRL 7.35% Bond Maturity: February 23, 2028
Impact Assessment
| Company | Symbol | ISIN | Coupon | Maturity |
|---|---|---|---|---|
| Cholamandalam Investment and Finance Co. Ltd | 866CIFCL33 | INE121A08PY9 | 8.66% | 23-Feb-2033 |
| Shriram Pistons & Rings Limited | 730SPRL27 | INE526E07015 | 7.30% | 23-Aug-2027 |
| Shriram Pistons & Rings Limited | 735SPRL28 | INE526E07023 | 7.35% | 23-Feb-2028 |
This is a routine operational circular with limited market impact. The listing expands the tradeable debt universe on NSE’s capital market segment, providing liquidity options for holders of these privately placed instruments. No equity market or broad compliance impact anticipated.
Impact Justification
Routine admission of privately placed debt securities to NSE capital market segment. Three NCD instruments listed for two companies; no regulatory change or broad market impact.