Description

NSE admits privately placed Commercial Papers from Kotak Securities, Tata Steel, IIFL Capital Services, Aditya Birla Capital, and Godrej Properties to the Debt Market Segment effective April 08, 2026.

Summary

NSE circular NSE/CML/73654 (Ref: 0593/2026) dated April 08, 2026 notifies the admission of privately placed securities to the Debt Market Segment under Regulation 3.1.1 of NSE Debt Market (Trading) Regulations. A total of ten Commercial Paper instruments across five issuers were admitted to dealings effective April 08, 2026, with allotment dates of April 07, 2026.

Key Points

  • Effective date for dealings: April 08, 2026
  • All listed instruments are Commercial Papers (CP) under Fresh Issue category
  • Five issuers: Kotak Securities Limited, Tata Steel Limited, IIFL Capital Services Limited, Aditya Birla Capital Limited (3 instruments), and Godrej Properties Limited (4 instruments)
  • Face value for all CPs: ₹5,00,000 per unit
  • Allotment date for all instruments: April 07, 2026
  • Circular also references Re-Issue instruments (content truncated in source)

Regulatory Changes

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

Compliance Requirements

No new compliance requirements for members. Members are informed of the new security codes (as per Annexure) for trading purposes on the Debt Market Segment.

Important Dates

  • April 07, 2026 – Date of allotment for all listed CPs
  • April 08, 2026 – Effective date of admission to Debt Market Segment dealings
  • May 08, 2026 – Redemption of IIFL Capital Services CP (ISL CP 08/05/26 Sr 57, ISIN: INE489L14801)
  • June 05, 2026 – Redemption of Tata Steel CP (TSL CP 05/06/26, ISIN: INE081A14GU0)
  • June 12, 2026 – Redemption of Godrej Properties CP (GPL CP 12/06/26 Sr 4, ISIN: INE484J14B00)
  • June 15, 2026 – Redemption of Godrej Properties CP (GPL CP 15/06/26, ISIN: INE484J14A35)
  • June 17, 2026 – Redemption of Godrej Properties CP (GPL CP 17/06/26 Sr 2, ISIN: INE484J14A43)
  • June 23, 2026 – Redemption of Godrej Properties CP (GPL CP 23/06/26 Sr 3, ISIN: INE484J14A50)
  • June 24, 2026 – Redemption of Aditya Birla Capital CP (ABCL CP 24/06/26, ISIN: INE674K14CB0)
  • June 25, 2026 – Redemption of Aditya Birla Capital CP (ABCL CP 25/06/26 Sr 9, ISIN: INE674K14CC8)
  • August 13, 2026 – Redemption of Kotak Securities CP (KSL CP 13/08/26 Sr 1, ISIN: INE028E14VT4) and Aditya Birla Capital CP (ABCL CP 13/08/26, ISIN: INE674K14CD6)

Impact Assessment

This is a routine operational listing circular with no material market impact. The admission of these CPs provides short-term funding instruments for five large corporates on NSE’s Debt Market Segment. Godrej Properties is the most active issuer with four CP tranches totalling ₹350 crore face value. Aditya Birla Capital follows with three tranches. All instruments carry maturities ranging from one month to approximately four months, consistent with typical commercial paper tenors. Debt market participants and fixed-income traders should update their instrument databases with the new ISINs and security codes.

Impact Justification

Routine debt market listing of Commercial Papers for well-known corporates; no regulatory changes or compliance mandates. Affects only fixed-income/debt market participants.