Description
NSE admits privately placed commercial papers from 10 companies including HDFC Securities, Motilal Oswal, Godrej Industries, Tata Capital, CEAT, IIFL Finance, Kisetsu Saison Finance, PNB Housing Finance, and Muthoot Finance to dealings on the Debt Market Segment effective March 10, 2026.
Summary
NSE has admitted privately placed commercial papers (CPs) from 10 companies to dealings on its Debt Market Segment effective March 10, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. All instruments were allotted on March 9, 2026.
Key Points
- 10 fresh commercial paper issuances admitted to NSE Debt Market Segment effective March 10, 2026
- All CPs have a face value of ₹5,00,000 per unit
- Tenors range from approximately 44 days (CEAT) to 12 months (Motilal Oswal, Muthoot Finance)
- Circular Ref. No: 0416/2026, Download Ref No: NSE/CML/73223
Regulatory Changes
No new regulatory changes. Admission is made under the existing framework of Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements for market participants. Members are informed of the new security codes as specified in the Annexure for trading purposes.
Important Dates
| Company | ISIN | Allotment Date | Redemption Date | Qty | Issue Price |
|---|---|---|---|---|---|
| HDFC Securities Limited | INE700G14SW3 | 09-Mar-2026 | 08-Jun-2026 | 16,500 | ₹4,90,594 |
| Motilal Oswal Financial Services Ltd | INE338I14MF6 | 09-Mar-2026 | 09-Mar-2027 | 6,000 | ₹4,64,253 |
| Godrej Industries Limited | INE233A147L7 | 09-Mar-2026 | 08-Jun-2026 | 1,500 | ₹4,91,111 |
| Tata Capital Limited | INE976I14QZ2 | 09-Mar-2026 | 08-Jun-2026 | 10,000 | ₹4,90,762 |
| CEAT Limited | INE482A14FP2 | 09-Mar-2026 | 22-Apr-2026 | 1,000 | ₹4,95,638.5 |
| IIFL Finance Limited | INE530B14GU4 | 09-Mar-2026 | 08-Jun-2026 | 11,000 | ₹4,88,788.5 |
| Kisetsu Saison Finance (India) Pvt Ltd (Sr 10) | INE0DZE14297 | 09-Mar-2026 | 29-May-2026 | 2,000 | ₹4,91,524.5 |
| Kisetsu Saison Finance (India) Pvt Ltd (Sr 11) | INE0DZE14305 | 09-Mar-2026 | 05-Jun-2026 | 5,500 | ₹4,90,805.5 |
| PNB Housing Finance Limited | INE572E14KG1 | 09-Mar-2026 | 08-Jun-2026 | 12,000 | ₹4,91,159 |
| Muthoot Finance Limited | INE414G14VO2 | 09-Mar-2026 | 09-Mar-2027 | 7,000 | ₹4,64,900 |
Impact Assessment
This is a routine listing circular with minimal market impact. The admission of these commercial papers provides liquidity in the short-term debt market for institutional investors. The issuers are well-known, established financial and industrial companies. Aggregate issuance across all 10 CPs totals approximately 72,500 units at face value of ₹500,000 each, representing roughly ₹36,250 crore in face value. No action is required from equity market participants.
Impact Justification
Routine admission of privately placed commercial papers to the NSE Debt Market Segment. These are short-to-medium term debt instruments with no significant regulatory change or broad market impact.