Description
NSE notifies admission of privately placed commercial papers from multiple companies including Mahindra & Mahindra Financial Services, NABARD, ICICI Securities, and others to dealings on the Debt Market Segment effective March 11, 2026.
Summary
NSE has admitted privately placed commercial papers (CPs) from ten companies to its Debt Market Segment effective March 11, 2026, under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. All securities were allotted on March 10, 2026, with most redeeming on June 9, 2026.
Key Points
- Ten commercial paper issuances listed across major corporates and financial institutions
- All issuances are fresh issues under the CP (Commercial Paper) security type
- Face value of ₹5,00,000 per unit for all listed securities
- Most CPs mature on June 9, 2026 (approximately 91 days); CEAT CP matures earlier on April 24, 2026
- Largest issuance by quantity: NABARD at 1,82,500 units (₹912.5 crore face value)
- HDFC Securities issuance data was truncated in the source circular
Regulatory Changes
No new regulatory changes. Listings are pursuant to existing Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
- All members are notified of the new security codes as specified in the Annexure
- Designated security codes assigned per ISIN for each listed CP
Important Dates
| Company | Allotment Date | Redemption Date |
|---|---|---|
| Mahindra & Mahindra Financial Services Ltd (INE774D14TP7) | 10-Mar-2026 | 09-Jun-2026 |
| Motilal Oswal Financial Services Ltd (INE338I14MG4) | 10-Mar-2026 | 09-Jun-2026 |
| Godrej Industries Ltd Sr 174 (INE233A147N3) | 10-Mar-2026 | 09-Jun-2026 |
| ICICI Securities Ltd (INE763G14G67) | 10-Mar-2026 | 09-Jun-2026 |
| NABARD Sr 26 (INE261F14OX5) | 10-Mar-2026 | 09-Jun-2026 |
| Deutsche Investments India Pvt Ltd Sr 380 (INE144H14IH4) | 10-Mar-2026 | 09-Jun-2026 |
| CEAT Ltd (INE482A14FQ0) | 10-Mar-2026 | 24-Apr-2026 |
| Aditya Birla Money Ltd (INE865C14PR9) | 10-Mar-2026 | 09-Jun-2026 |
| Nuvoco Vistas Corporation Ltd (INE118D14AI2) | 10-Mar-2026 | 09-Jun-2026 |
| HDFC Securities Ltd (INE700G14SY9) | 10-Mar-2026 | 10-Jun-2026 |
Impact Assessment
This is a routine listing circular with no material market impact. The admission of these commercial papers provides short-term debt investment opportunities on NSE’s Debt Market Segment. NABARD’s large issuance of 1,82,500 units is notable in volume. The short tenor (approximately 91 days) of most CPs reflects typical money market activity. Market participants trading in debt instruments should update their systems with the new ISIN codes and security designations.
Impact Justification
Routine debt market listing notification for commercial papers from multiple large corporates and financial institutions. No regulatory changes; standard admission to NSE debt segment under existing regulations.