Description
NSE admits privately placed commercial papers from 10 companies including Kotak Securities, Motilal Oswal, NABARD, and others to dealings on the Debt Market Segment effective March 20, 2026.
Summary
NSE has admitted privately placed commercial papers (CPs) from 10 companies to dealings on the Debt Market Segment effective March 20, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. All securities were allotted on March 18, 2026 and are set to redeem in June 2026.
Key Points
- 10 companies have listed fresh commercial paper issues on the NSE Debt Market Segment
- All CPs have a face value of ₹5,00,000 per unit
- Allotment date: March 18, 2026; Redemption dates: June 12 or June 17, 2026
- Largest issuances: Motilal Oswal Financial Services (20,000 units), Kotak Securities (17,500 units), NABARD (13,000 units), Tata Capital (9,000 units)
- Issue prices range from ₹4,89,624 to ₹4,91,033.50, reflecting the discount to face value typical of CPs
Regulatory Changes
No new regulatory changes. Admission is pursuant to existing Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements for market participants. Members are notified of the designated security codes (ISINs) for the newly listed instruments as specified in the Annexure.
Important Dates
- Date of Allotment: March 18, 2026
- Effective Date of Listing: March 20, 2026
- Redemption Date (most issues): June 17, 2026
- Redemption Date (HSBC Investdirect): June 12, 2026
Impact Assessment
This is a routine listing circular with no broad market impact. The commercial papers listed are short-term debt instruments (approximately 90-day tenor) issued by well-known financial institutions and corporates. The securities are now tradeable on the NSE Debt Market Segment under their respective ISINs. Investors in the debt market segment can now trade these CPs. No action required by equity market participants.
Issuers and Details
| Company | ISIN | Quantity | Issue Price (₹) | Redemption |
|---|---|---|---|---|
| Kisetsu Saison Finance (India) Pvt Ltd | INE0DZE14347 | 2,000 | 4,90,522.00 | 17-Jun-2026 |
| Tata Capital Limited | INE976I14RC9 | 9,000 | 4,90,798.50 | 17-Jun-2026 |
| Aditya Birla Money Limited | INE865C14PW9 | 4,000 | 4,90,282.50 | 17-Jun-2026 |
| Cholamandalam Securities Limited | INE04JX14181 | 1,500 | 4,89,624.00 | 17-Jun-2026 |
| Kotak Securities Limited | INE028E14VP2 | 17,500 | 4,90,584.40 | 17-Jun-2026 |
| HSBC Investdirect Financial Services (I) Ltd | INE790I14HM4 | 1,000 | 4,91,033.50 | 12-Jun-2026 |
| Motilal Oswal Financial Services Limited | INE338I14MI0 | 20,000 | 4,90,385.44 | 17-Jun-2026 |
| Godrej Industries Limited | INE233A147R4 | 1,500 | 4,90,882.50 | 17-Jun-2026 |
| NABARD | INE261F14PC6 | 13,000 | 4,90,822.50 | 17-Jun-2026 |
| Angel One Limited | INE732I14DD4 | TBC | TBC | 17-Jun-2026 |
Impact Justification
Routine admission of privately placed commercial papers to the NSE Debt Market Segment. These are short-term money market instruments (maturing June 2026) with no significant regulatory changes or market-wide impact.