Description
NSE admits privately placed Commercial Papers from Piramal Finance, Godrej Industries, Tata Projects, SIDBI, L&T Finance, Axis Securities, and a debt security from Cholamandalam Investment and Finance Company to the Debt Market Segment effective March 24, 2026.
Summary
NSE has notified the admission of privately placed securities to dealings on the Debt Market Segment effective March 24, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. The circular covers six Commercial Papers (CP) and one Other Debt Security listed in the Annexure.
Key Points
- Six fresh issue Commercial Papers from Piramal Finance, Godrej Industries, Tata Projects, SIDBI, L&T Finance, and Axis Securities admitted to the Debt Market Segment.
- One NCD/debt security from Cholamandalam Investment and Finance Company Limited (7.94% coupon, maturing March 2029) also listed.
- All CPs are short-term instruments with redemption dates ranging from June to August 2026.
- All allotments were made on March 23–24, 2026.
- Designated security codes (ISINs) assigned as specified in the Annexure.
Regulatory Changes
No new regulatory changes. Listing is in pursuance of existing Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements for members. This is a notification circular informing all members of the new securities admitted to dealings on the Debt Market Segment.
Important Dates
| Security | Allotment Date | Redemption Date |
|---|---|---|
| Piramal Finance CP (INE202B14PP1) | 23-Mar-2026 | 20-Aug-2026 |
| Godrej Industries CP Sr 181 (INE233A147U8) | 23-Mar-2026 | 22-Jun-2026 |
| Tata Projects CP Sr 211 (INE725H14DX8) | 23-Mar-2026 | 19-Jun-2026 |
| SIDBI CP Sr 31 (INE556F14ME2) | 23-Mar-2026 | 22-Jun-2026 |
| L&T Finance CP (INE498L14FR1) | 23-Mar-2026 | 22-Jun-2026 |
| Axis Securities CP Sr 83 (INE110O14HZ5) | 24-Mar-2026 | 23-Jun-2026 |
| Cholamandalam NCD Sr 662 (INE121A07SS7) | 20-Mar-2026 | 20-Mar-2029 |
Effective Date: March 24, 2026
Impact Assessment
This is a routine administrative listing circular with low market impact. The securities listed are privately placed instruments not available for general retail trading. The SIDBI CP issuance is the largest by quantity (53,000 units), while Cholamandalam’s 3-year NCD at 7.94% coupon is the only long-term instrument. No impact on equity market participants. Debt market members should update their systems with the new ISINs and security codes.
Impact Justification
Routine debt market listing of privately placed commercial papers and debt securities. No regulatory changes or compliance requirements for equity market participants; primarily informational for debt market members.