Description

NSE admits multiple privately placed Commercial Papers from companies including Tata Teleservices, Tata Capital, LIC Housing Finance, Godrej Industries, CESC, IIFL Finance, and others to dealings on the Debt Market Segment effective March 23, 2026.

Summary

NSE’s Listing Department (Circular Ref. No: 0495/2026, Download Ref No: NSE/CML/73427) notifies all members that several privately placed Commercial Papers have been admitted to dealings on the Debt Market Segment of the Exchange with effect from March 23, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Key Points

  • Multiple Commercial Papers (CPs) from nine companies listed on NSE Debt Market Segment effective March 23, 2026
  • All securities were allotted on March 20, 2026
  • Face value of all CPs is ₹5,00,000 per unit
  • Redemption dates range from June 2026 to February 2027
  • Security codes (ISINs) assigned for each instrument as per the Annexure

Regulatory Changes

No new regulatory changes. Listing is in pursuance of existing Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No new compliance requirements for members. Members dealing in debt market instruments should note the designated security codes (ISINs) for each newly listed CP for trading purposes.

Important Dates

  • Date of Allotment (all securities): March 20, 2026
  • Effective Date of Listing: March 23, 2026
  • Redemption Dates:
    • TTML CP 19/06/26 (INE517B14AI9): June 19, 2026
    • AIFL CP 07/07/26 Sr 29 (INE0AD514354): July 7, 2026
    • TCL CP 19/06/26 Sr 38 (INE976I14RD7): June 19, 2026
    • HIFSIL CP 16/09/26 Sr 13 (INE790I14HN2): September 16, 2026
    • LHFL CP 11/02/27 Sr 5 (INE115A14FS2): February 11, 2027
    • GIL CP 18/06/26 Sr 180 (INE233A147T0): June 18, 2026
    • GIL CP 19/06/26 Sr 179 (INE233A147S2): June 19, 2026
    • CESC CP 18/06/26 (INE486A14FZ2): June 18, 2026
    • IIFL CP 19/06/26 Sr 2583 (INE530B14GZ3): June 19, 2026
    • GCPL CP 18/06/26 Sr 31 (INE102D14BX3): June 18, 2026

Impact Assessment

This is a routine listing notification with minimal market impact. The admission of these commercial papers provides liquidity options for institutional investors in the debt market. The issuers — Tata Teleservices, Aseem Infrastructure Finance, Tata Capital, HSBC Investdirect Financial Services, LIC Housing Finance, Godrej Industries, CESC, IIFL Finance, and Godrej Consumer Products — are using short-term CPs (tenors of approximately 3–12 months) for working capital or treasury management. The largest issuance by quantity is LIC Housing Finance (50,000 units at ₹4,69,179.50 each), indicating significant short-term fundraising. No impact on equity market trading or broader compliance obligations.

Impact Justification

Routine administrative listing of privately placed commercial papers on the debt market segment. No regulatory changes or compliance requirements for equity market participants; affects only debt market members and the issuing companies.