Description
NSE admits privately placed commercial papers from multiple companies including Kisetsu Saison Finance, Aditya Birla Money, Tata Capital Housing Finance, Angel One, Godrej Industries, HDFC Securities, and Bharti Telecom to dealings on the Debt Market Segment effective March 13, 2026.
Summary
NSE has admitted privately placed commercial papers (CPs) from nine companies to dealings on the Debt Market Segment effective March 13, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. All securities were allotted on March 12, 2026.
Key Points
- Nine fresh commercial paper issuances admitted to NSE Debt Market Segment effective March 13, 2026
- All CPs have a face value of ₹5,00,000 per unit
- Allotment date for all securities: March 12, 2026
- Redemption periods range from approximately 3 months (June 2026) to 12 months (March 2027)
- Circular issued under Regulation 3.1.1 of NSE Debt Market (Trading) Regulations
- Circular Ref No: 0440/2026, Download Ref No: NSE/CML/73278
Regulatory Changes
No new regulatory changes. This is a routine notification under existing Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements for market participants. The designated security codes (ISINs) are assigned and dealings are permitted from March 13, 2026.
Important Dates
- Allotment Date (all securities): March 12, 2026
- Effective Date for Trading: March 13, 2026
- Short-term CPs (June 11, 2026 redemption): Kisetsu Saison Finance Sr 12 (INE0DZE14321), Aditya Birla Money (INE865C14PT5), Aseem Infrastructure Finance Sr 28 (INE0AD514347), Tata Capital Housing Finance Sr 23 (INE033L14OS6), Angel One Sr 77 (INE732I14DC6), Godrej Industries Sr 175 (INE233A147O1), HDFC Securities (INE700G14SZ6)
- Long-term CPs (~12 months): Kisetsu Saison Finance Sr 13 – redemption March 11, 2027 (INE0DZE14339); Cholamandalam Securities Sr 9 – redemption March 12, 2027 (INE04JX14173); Bharti Telecom – redemption February 26, 2027 (INE403D14619)
Impact Assessment
| Company | ISIN | Quantity | Issue Price (₹) | Redemption |
|---|---|---|---|---|
| Kisetsu Saison Finance (India) Pvt Ltd | INE0DZE14321 | 4,000 | 4,90,498 | 11-Jun-2026 |
| Aditya Birla Money Ltd | INE865C14PT5 | 2,000 | 4,90,258.5 | 11-Jun-2026 |
| Aseem Infrastructure Finance Ltd | INE0AD514347 | 4,000 | 4,90,582 | 11-Jun-2026 |
| Tata Capital Housing Finance Ltd | INE033L14OS6 | 6,000 | 4,91,111 | 11-Jun-2026 |
| Kisetsu Saison Finance (India) Pvt Ltd | INE0DZE14339 | 6,000 | 4,64,343.5 | 11-Mar-2027 |
| Cholamandalam Securities Ltd | INE04JX14173 | 1,400 | 4,62,534.5 | 12-Mar-2027 |
| Angel One Ltd | INE732I14DC6 | 6,200 | 4,90,019 | 11-Jun-2026 |
| Godrej Industries Ltd | INE233A147O1 | 1,500 | 4,91,038.5 | 11-Jun-2026 |
| HDFC Securities Ltd | INE700G14SZ6 | 1,500 | 4,90,594 | 11-Jun-2026 |
| Bharti Telecom Ltd | INE403D14619 | 25,000 | 5,00,000 | 26-Feb-2027 |
Bharti Telecom’s CP is the largest issuance by quantity (25,000 units at ₹500,000 face value = ₹1,250 crore notional). The circular has minimal impact on equity markets; it is relevant only to debt market participants and institutional investors dealing in commercial papers.
Impact Justification
Routine administrative listing of privately placed commercial papers on NSE debt market segment. No regulatory changes, no compliance obligations for general market participants. Affects only the specific issuers and their CP holders.