Description
NSE admits multiple privately placed Commercial Papers (CPs) to its Debt Market Segment effective February 27, 2026, covering issuances from SRF, Godrej Industries, CESC, Aditya Birla Capital, CEAT, Nuvoco Vistas, HDFC Securities, Axis Securities, and Muthoot Finance, among others.
Summary
NSE has admitted multiple privately placed Commercial Papers (CPs) to dealings on its Debt Market Segment effective February 27, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. The issuances span short-to-medium tenors (approximately 1 to 12 months) from a mix of large corporates and financial institutions.
Key Points
- Circular Ref: NSE/CML/73052 | Circular No: 0346/2026 | Department: Listing
- All securities are Commercial Papers (CPs) admitted under private placement
- Effective date of dealings: February 27, 2026
- Face value for all CPs: ₹5,00,000 per unit
- Tenors range from ~1 month (Nuvoco Vistas, redemption 30-Mar-2026) to ~12 months (Aditya Birla Capital, redemption 26-Feb-2027)
- Total units across disclosed issuances: 44,000+ units (content truncated in source)
Securities Listed
| Company | Description | ISIN | Units | Issue Price (₹) | Allotment | Redemption |
|---|---|---|---|---|---|---|
| SRF Limited | SRF CP 26/05/26 Sr 5 | INE647A14AZ0 | 4,000 | 4,91,432.00 | 26-Feb-2026 | 26-May-2026 |
| Godrej Industries Limited | GIL CP 27/05/26 Sr 167 | INE233A147G7 | 1,500 | 4,91,361.50 | 26-Feb-2026 | 27-May-2026 |
| CESC Limited | CESC CP 27/05/26 | INE486A14FY5 | 6,000 | 4,91,254.50 | 26-Feb-2026 | 27-May-2026 |
| Aditya Birla Capital Limited | ABCL CP 11/01/27 Sr 173 | INE674K14BY4 | 500 | 4,69,936.00 | 26-Feb-2026 | 11-Jan-2027 |
| Aditya Birla Capital Limited | ABCL CP 26/02/27 Sr 175 | INE674K14BX6 | 4,500 | 4,65,896.50 | 26-Feb-2026 | 26-Feb-2027 |
| CEAT Limited | CL CP 23/04/26 | INE482A14FN7 | 1,000 | 4,94,462.00 | 26-Feb-2026 | 23-Apr-2026 |
| Nuvoco Vistas Corporation Limited | NVCL CP 30/03/26 | INE118D14AH4 | 2,000 | 4,96,907.00 | 26-Feb-2026 | 30-Mar-2026 |
| HDFC Securities Limited | HSL CP 29/05/2026 | INE700G14SR3 | 6,000 | 4,90,722.00 | 27-Feb-2026 | 29-May-2026 |
| Axis Securities Limited | ASL CP 29/05/26 Sr 76 | INE110O14HU6 | 7,000 | 4,90,762.00 | 27-Feb-2026 | 29-May-2026 |
| Muthoot Finance Limited | MFL CP 23/02/27 | INE414G14VL8 | 6,000 | 4,65,168.50 | 26-Feb-2026 | 23-Feb-2027 |
| Additional issuers (truncated) | — | — | — | — | — | — |
Regulatory Changes
No regulatory changes introduced. This is a standard operational listing notification issued under Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations.
Compliance Requirements
- No new compliance obligations for members
- Members dealing in these CPs must use the designated security codes as specified in the Annexure
- Standard debt market trading rules and settlement procedures apply
Important Dates
- Effective date of dealings: February 27, 2026
- Earliest redemption: March 30, 2026 (Nuvoco Vistas CP)
- Latest redemption (disclosed): February 26, 2027 (Aditya Birla Capital CP Sr 175)
- Allotment dates: February 26–27, 2026
Impact Assessment
This is a routine debt market listing circular with no impact on equity markets. The listings represent short-to-medium term money market instruments from established corporates and financial institutions. Debt market participants and institutional investors in CPs should note the new ISINs and security codes for trading purposes. The aggregate issuance size is substantial (estimated ₹180+ crore across disclosed securities at issue price), reflecting active CP market activity. No systemic or regulatory impact on the broader market.
Impact Justification
Routine debt market listing notification for privately placed Commercial Papers across multiple issuers; no regulatory change or compliance burden introduced. Relevant only to debt market participants and CP investors.