Description
NSE admits privately placed commercial papers from 9 companies including Godrej Properties, UltraTech Cement, ICICI Securities, and others to the Debt Market Segment effective April 20, 2026.
Summary
NSE has admitted privately placed commercial papers (CPs) from multiple companies to its Debt Market Segment effective April 20, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. All securities were allotted on April 17, 2026.
Key Points
- 10 commercial paper issuances from 9 companies admitted to NSE Debt Market Segment
- All CPs allotted on April 17, 2026; effective for trading from April 20, 2026
- Face value of ₹5,00,000 per unit across all issuances
- Redemption periods range from 7 days (Kotak Securities) to ~90 days (Godrej Properties, CEAT, Tata Projects)
- Issuers include large-cap companies across real estate, cement, finance, and engineering sectors
Securities Listed
| Company | ISIN | Qty | Issue Price (₹) | Redemption Date |
|---|---|---|---|---|
| Godrej Properties Ltd | INE484J14C09 | 2,000 | 4,92,317 | 15-Jul-2026 |
| Godrej Properties Ltd | INE484J14C17 | 2,000 | 4,92,147 | 17-Jul-2026 |
| Kotak Securities Ltd | INE028E14WC8 | 22,000 | 4,99,451.67 | 24-Apr-2026 |
| The Ramco Cements Ltd | INE331A14OL2 | 2,000 | 4,94,955.5 | 16-Jun-2026 |
| CEAT Limited | INE482A14GA2 | 1,000 | 4,92,292 | 16-Jul-2026 |
| Tata Projects Limited | INE725H14DZ3 | 4,000 | 4,92,124.5 | 16-Jul-2026 |
| Triveni Engineering & Industries Ltd | INE256C14HO5 | 1,000 | 4,93,746.5 | 25-Jun-2026 |
| UltraTech Cement Ltd | INE481G14FP1 | 5,000 | 4,95,520 | 11-Jun-2026 |
| UltraTech Cement Ltd | INE481G14FQ9 | 5,000 | 4,95,116.5 | 16-Jun-2026 |
| ICICI Securities Limited | INE763G14H74 | 3,500 | 4,93,915 | 29-Jun-2026 |
Regulatory Changes
No regulatory changes. This circular is issued in pursuance of Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations, which mandates notification of newly admitted debt securities.
Compliance Requirements
No new compliance requirements for market participants. Members are notified of the security codes assigned to each issuance as specified in the Annexure for trading purposes.
Important Dates
- Allotment Date: April 17, 2026
- Effective Trading Date: April 20, 2026
- Earliest Redemption: April 24, 2026 (Kotak Securities CP)
- Latest Redemption: July 17, 2026 (Godrej Properties CP Sr 20)
Impact Assessment
Routine debt market operation with no material impact on equity markets. The listings represent short-term corporate borrowings (commercial papers) used for working capital needs. UltraTech Cement is the largest issuer by quantity (10,000 units total), followed by Kotak Securities (22,000 units at near-face-value pricing, indicating very short tenor). These CPs are relevant only to debt market participants and institutional investors.
Impact Justification
Routine administrative circular notifying admission of privately placed commercial papers to NSE Debt Market Segment. No regulatory changes or compliance requirements for equity market participants.