Description

NSE notifies admission of privately placed commercial papers from multiple companies including HDFC Securities, NABARD, Godrej Industries, Tata Capital, Mahindra Finance, ICICI Securities, Motilal Oswal, and Aditya Birla Money to dealings on the Debt Market Segment effective March 06, 2026.

Summary

NSE has admitted privately placed commercial papers from nine companies to dealings on the Debt Market Segment effective March 06, 2026, pursuant to Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations. The securities listed are all fresh issue commercial papers with allotment date of March 05, 2026.

Key Points

  • Effective date: March 06, 2026
  • Circular ref: NSE/CML/73179 (Ref No: 0396/2026)
  • All securities are fresh issue Commercial Papers (CP)
  • Face value for all CPs: ₹5,00,000 per unit
  • Two redemption tranches: June 04, 2026 (short-term) and March 05, 2027 (one-year)
  • Total companies listed: 9 (with Mahindra Finance and ICICI Securities having two CPs each)

Regulatory Changes

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

Compliance Requirements

All members are notified of the designated security codes as specified in the Annexure. No additional compliance action required beyond standard debt market trading procedures.

Important Dates

  • Allotment Date: March 05, 2026 (all securities)
  • Effective Trading Date: March 06, 2026
  • Redemption Date (Short-term CPs): June 04, 2026
    • HSL CP 04/06/2026 (HDFC Securities) — ISIN: INE700G14SU7 — 11,000 units @ ₹4,90,731.50
    • NABARD CP 04/06/26 Sr 26 — ISIN: INE261F14OV9 — 53,300 units @ ₹4,91,183
    • GIL CP 04/06/26 Sr 170 (Godrej Industries) — ISIN: INE233A147J1 — 1,500 units @ ₹4,91,183
    • MMFSL CP 04/06/26 (Mahindra Finance) — ISIN: INE774D14TN2 — 10,000 units @ ₹4,90,738
    • ISEC CP 04/06/26 (ICICI Securities) — ISIN: INE763G14G34 — 29,500 units @ ₹4,90,748.50
    • ABML CP 05/06/26 (Aditya Birla Money) — ISIN: INE865C14PQ1 — 2,000 units
  • Redemption Date (One-year CPs): March 05, 2027
    • TCL CP 05/03/27 (Tata Capital) — ISIN: INE976I14QY5 — 4,000 units @ ₹4,66,418
    • MMFSL CP 05/03/27 (Mahindra Finance) — ISIN: INE774D14TO0 — 2,500 units @ ₹4,66,418
    • ISEC CP 05/03/27 (ICICI Securities) — ISIN: INE763G14G42 — 1,000 units @ ₹4,65,896.50
    • MOFS CP 05/03/2027 (Motilal Oswal) — ISIN: INE338I14ME9 — 4,500 units @ ₹4,64,253

Impact Assessment

Routine debt market listing with no significant market impact. The commercial papers span major financial institutions and NBFCs. The short-term CPs (3-month tenor) are priced at ~98% of face value, reflecting prevailing short-term rates, while the one-year CPs are priced at ~93-93.3% of face value. NABARD and ICICI Securities have the largest issuances by quantity (53,300 and 29,500 units respectively). Impact is limited to debt market participants trading these specific instruments.

Impact Justification

Routine admission of commercial papers to NSE debt market segment; no regulatory changes or compliance requirements for equity market participants. Affects only debt market members dealing in these specific instruments.