NSE Debt Market: Listing of Privately Placed Commercial Paper Securities - April 21, 2026

Description

NSE admits 10+ privately placed Commercial Paper (CP) securities from companies including Tata Capital, Angel One, Godrej Industries, CESC, JM Financial, IIFL Capital, Alembic Pharmaceuticals, Hero FinCorp, IndoStar Capital, and Hero Housing Finance to its Debt Market Segment effective April 21, 2026.

Summary

NSE has admitted multiple privately placed Commercial Paper (CP) securities to its Debt Market Segment effective April 21, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. The securities were allotted on April 20, 2026, and their designated security codes are specified in the Annexure.

Key Points

• 10+ Commercial Paper instruments from prominent Indian corporates and NBFCs listed on NSE Debt Market Segment
• All securities are fresh issues under the CP (Commercial Paper) security type
• Allotment date for all listed CPs: April 20, 2026
• Redemption periods range from approximately 50 days (short-term) to 11 months
• Face value for all CPs: ₹5,00,000 per unit
• Issue prices reflect market-determined discounts to face value
• Circular issued by Senior Manager Bansri Gosalia on behalf of NSE

Regulatory Changes

No new regulatory changes. The listing is carried out under the existing framework of Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No new compliance obligations for market participants. Members are notified of the security codes to facilitate trading in these instruments on the Debt Market Segment from the effective date.

Important Dates

• Circular Date: April 21, 2026
• Effective Date for Trading: April 21, 2026
• Date of Allotment (all securities): April 20, 2026
• Redemption Dates:
  • Alembic Pharmaceuticals CP: June 9, 2026
  • CESC CP: June 23, 2026
  • IIFL Capital Services CP: July 17, 2026
  • Tata Capital CP: July 20, 2026
  • Godrej Industries CP: July 20, 2026
  • JM Financial Services CP: July 20, 2026
  • Hero FinCorp CP: July 20, 2026
  • Hero Housing Finance CP: July 20, 2026
  • IndoStar Capital Finance CP: October 22, 2026
  • Angel One CP: March 9, 2027

Impact Assessment

This is a routine operational circular with minimal market impact. The listing of these Commercial Paper instruments on NSE’s Debt Market Segment provides institutional and eligible investors with exchange-traded access to short-term debt instruments from established corporates and NBFCs. The diversity of issuers spans financial services (Tata Capital, Angel One, JM Financial, IIFL Capital, Hero FinCorp, Hero Housing Finance, IndoStar Capital), industrials (Godrej Industries), utilities (CESC), and pharmaceuticals (Alembic), reflecting broad corporate borrowing activity in the short-term debt market. No equity market impact is expected.

Securities Summary Table

Impact Justification

Routine administrative listing notification for privately placed Commercial Paper instruments on NSE's Debt Market Segment. No new regulatory changes; standard operational circular with no material market-moving implications for equity investors.