Description

NSE notifies admission of privately placed Commercial Papers from nine issuers including Tata Steel, Reliance Industries, Godrej Properties, and IIFL Capital Services to dealings on the Debt Market Segment effective April 09, 2026.

Summary

NSE has admitted nine privately placed Commercial Paper (CP) issuances from seven companies to dealings on the Debt Market Segment with effect from April 09, 2026. The issuers include Tata Steel, Godrej Properties, Reliance Industries (three separate CPs), ICICI Securities, Godrej Industries, Reliance Retail Ventures, and IIFL Capital Services (two CPs). All instruments were allotted on April 08, 2026, with redemption dates ranging from May 2026 to July 2026.

Key Points

  • Nine Commercial Paper issuances admitted to NSE Debt Market Segment effective April 09, 2026
  • All CPs allotted on April 08, 2026 with face value of ₹5,00,000 per unit
  • Reliance Industries issued three separate CPs maturing on June 23, 24, and 25, 2026 (total 1,01,000 units, ~₹505 crore face value)
  • Reliance Retail Ventures issued the largest single tranche: 1,12,000 units maturing June 22, 2026
  • IIFL Capital Services issued two CPs maturing June 30 and July 09, 2026
  • Issued under Regulation 3.1.1 of NSE Debt Market (Trading) Regulations

Regulatory Changes

No regulatory changes. This is a routine listing notification under existing NSE Debt Market (Trading) Regulations.

Compliance Requirements

All Members of the Exchange are notified to update their systems with the designated security codes specified in the Annexure for each CP instrument to enable dealings from April 09, 2026.

Important Dates

  • Allotment Date (all CPs): April 08, 2026
  • Listing/Dealings Effective: April 09, 2026
  • Earliest Redemption: May 20, 2026 — ICICI Securities CP (ISEC, INE763G14H17)
  • May 26, 2026: Tata Steel CP (TSL, INE081A14GV8) — 40,000 units
  • June 19, 2026: Godrej Properties CP Sr 27 (GPL, INE484J14A68) — 3,000 units
  • June 22, 2026: Reliance Retail Ventures CP (RRVL, INE929O14EY8) — 1,12,000 units
  • June 23, 2026: Reliance Industries CP (RIL, INE002A14LP6) — 44,000 units
  • June 24, 2026: Reliance Industries CP (RIL, INE002A14LQ4) — 42,000 units
  • June 25, 2026: Reliance Industries CP (RIL, INE002A14LR2) — 15,000 units
  • June 30, 2026: IIFL Capital Services CP Sr 57 (ISL, INE489L14819) — 1,528 units
  • July 08, 2026: Godrej Industries CP Sr 1 (GIL, INE233A147X2) — 1,000 units
  • July 09, 2026: IIFL Capital Services CP Sr 58 (ISL, INE489L14827) — 1,000 units

Impact Assessment

Limited impact confined to the NSE Debt Market Segment. These are short-duration money market instruments (tenors of 42–91 days) used for corporate short-term funding. The Reliance group dominates this batch with over ₹1,000 crore in aggregate CP issuances across four instruments. No impact on equity markets or broader compliance obligations for listed entities. Institutional investors and debt market members should update security codes for these instruments.

Impact Justification

Routine debt market listing circular for short-term commercial papers; no regulatory changes or compliance requirements for equity market participants. Affects only debt market segment members and institutional investors in CP instruments.