Description

NSE admits additional debt securities issued by TVS Motor Company Limited to dealings on the Debt Segment, effective March 11, 2025. The circular provides details of the newly listed commercial paper instrument.

Summary

NSE has admitted additional debt securities issued by TVS Motor Company Limited to dealings on the Debt Segment, effective March 11, 2025. This circular (Download Ref No: NSE/CML/73228, Circular Ref. No: 0419/2026) references earlier circulars NSE/CML/23366 dated May 8, 2013 and NSE/DS/24832 dated October 25, 2013, and provides the Annexure detailing the newly admitted instrument.

Key Points

  • One new debt instrument (TVSM26RDNGPS01092025T1) admitted to NSE Debt Segment.
  • Instrument: Commercial Paper (CP) issued by TVS Motor Company Limited.
  • Symbol: RDNGPS TVSM26; Issue Date: September 1, 2025; Expiry/Maturity Date: September 1, 2026.
  • Face Value: Rs. 10; Total Issue Capital: Rs. 190,034.85 Lakhs.
  • ISIN: INE494B04019.
  • Credit Rating: CARE A1+ (Stable Outlook); Public issue type.
  • Coupon: Fixed, Periodic; Last Interest Payment Date: August 31, 2026; Next Interest Payment Date: September 1, 2026.
  • Tick Size: 0.01; Multiplier: 1.

Regulatory Changes

No new regulatory changes. This circular is an operational listing notification under the existing framework established by NSE/CML/23366 (May 8, 2013) and NSE/DS/24832 (October 25, 2013).

Compliance Requirements

  • NSE members are informed of the new security admitted to dealings and should update their systems accordingly.
  • No specific compliance action required from listed companies or investors beyond standard debt segment trading procedures.

Important Dates

  • Circular Date: March 10, 2026
  • Effective Date: March 11, 2025 (note: as stated in circular)
  • Issue Date: September 1, 2025
  • Maturity/Expiry Date: September 1, 2026
  • Last Interest Payment Date: August 31, 2026
  • Next Interest Payment Date: September 1, 2026

Impact Assessment

This is a routine operational circular with minimal market impact. The admission of TVS Motor Company Limited’s commercial paper (CARE A1+ rated) to NSE’s Debt Segment provides increased liquidity and a formal trading avenue for institutional investors in this short-term fixed-income instrument. The high credit rating (A1+, Stable) indicates low credit risk. Impact is limited to debt market participants trading TVS Motor securities.

Impact Justification

Routine admission of debt securities to NSE's Debt Segment for an existing listed company; no regulatory changes or broad market impact.