Description
NSE admits ten privately placed Commercial Papers from companies including Godrej Industries, CESC, PNB Housing Finance, IIFL Finance, and CEAT to the Debt Market Segment effective April 17, 2026.
Summary
NSE has admitted ten privately placed Commercial Papers (CPs) to the Debt Market Segment effective April 17, 2026, pursuant to Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations. All securities were allotted on April 16, 2026, with redemptions ranging from June 2026 to March 2027.
Key Points
- Ten Commercial Papers from nine issuers admitted to NSE Debt Market Segment effective April 17, 2026
- All CPs have a face value of ₹5,00,000 per unit
- Allotment date for all securities: April 16, 2026
- Redemption periods range from 56 days (CEAT, Jun 2026) to approximately 11 months (Aseem Infrastructure, Mar 2027)
- Total combined issuance across all CPs: 40,500 units (face value ~₹2,025 crore)
- Circular reference: NSE/CML/73783, Circular Ref No. 0641/2026
Regulatory Changes
No regulatory changes. This is a standard listing notification under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements for market participants. Members are informed of new security codes (as specified in Annexure) for the admitted CPs for trading purposes on the Debt Market Segment.
Important Dates
| Issuer | ISIN | Allotment | Redemption |
|---|---|---|---|
| Godrej Industries Ltd | INE233A148A8 | 16-Apr-2026 | 16-Jul-2026 |
| HSBC Investdirect Financial Services | INE790I14HP7 | 16-Apr-2026 | 16-Jul-2026 |
| CESC Limited | INE486A14GA3 | 16-Apr-2026 | 16-Jun-2026 |
| Kotak Securities Limited | INE028E14WB0 | 16-Apr-2026 | 02-Jul-2026 |
| PNB Housing Finance Limited | INE572E14KI7 | 16-Apr-2026 | 16-Jul-2026 |
| Aseem Infrastructure Finance Ltd | INE0AD514370 | 16-Apr-2026 | 17-Mar-2027 |
| Godrej Properties Limited | INE484J14B75 | 16-Apr-2026 | 16-Jul-2026 |
| IIFL Finance Limited | INE530B14HD8 | 16-Apr-2026 | 30-Jun-2026 |
| CEAT Limited (CP 1) | INE482A14FY4 | 16-Apr-2026 | 15-Jul-2026 |
| CEAT Limited (CP 2) | INE482A14FZ1 | 16-Apr-2026 | 11-Jun-2026 |
- Effective trading date: April 17, 2026
Impact Assessment
This is a routine administrative listing circular with minimal market impact. The CPs represent short-to-medium-term debt instruments for well-known corporates across real estate (Godrej Properties), consumer goods (Godrej Industries, CEAT), financial services (IIFL Finance, Kotak Securities, PNB Housing Finance), and utilities (CESC). PNB Housing Finance has the largest issuance at 16,000 units (~₹800 crore face value). Aseem Infrastructure Finance’s CP has the longest tenor at ~11 months. No equity market implications; relevant only to debt market traders and institutional investors.
Impact Justification
Routine debt market listing notification for short-term commercial papers; no regulatory changes, compliance obligations, or equity market impact involved.