Description

NSE admits privately placed commercial papers from nine companies including Reliance Retail Ventures, Indian Oil Corporation, Godrej Properties, and others to dealings on the Debt Market Segment effective May 15, 2026.

Summary

NSE has admitted ten privately placed commercial papers (CPs) from nine companies to dealings on the Debt Market Segment of the Exchange with effect from May 15, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. All securities were allotted on May 14, 2026.

Key Points

  • Ten commercial paper issuances from nine issuers admitted to NSE Debt Market Segment effective May 15, 2026
  • All CPs are fresh issues with face value of ₹5,00,000 per unit
  • Allotment date for all securities: May 14, 2026
  • Redemption periods range from June 2026 to August 2026 (short-term instruments)
  • Circular issued under Download Ref No: NSE/CML/74244, Circular Ref. No: 0788/2026

Regulatory Changes

No regulatory changes. This is a routine listing notification under existing Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No new compliance requirements. Members dealing in debt market securities should note the newly assigned security codes for these instruments as specified in the Annexure.

Important Dates

  • Effective Date: May 15, 2026 (admission to dealings)
  • Allotment Date (all securities): May 14, 2026
  • Redemption Dates:
    • June 19, 2026 — Reliance Retail Ventures Limited (RRVL CP 19/06/26)
    • June 12, 2026 — Indian Oil Corporation Limited (IOCL CP 12/06/26 Sr 766)
    • August 11, 2026 — Bajaj Auto Credit Limited (BACL CP 11/08/26 Sr 6)
    • August 11, 2026 — Godrej Properties Limited (GPL CP 11/08/26 Sr 24)
    • August 12, 2026 — Godrej Properties Limited (GPL CP 12/08/26 Sr 25)
    • August 13, 2026 — Godrej Properties Limited (GPL CP 13/08/26 Sr 26)
    • August 13, 2026 — Deutsche Investments India Private Limited (DIIPL CP 13/08/26 Sr 381)
    • August 13, 2026 — HDFC Securities Limited (HSL CP 13/08/2026)
    • August 13, 2026 — Motilal Oswal Financial Services Limited (MOFS CP 13/08/2026)
    • August 13, 2026 — Godrej Industries Limited (GIL CP 13/08/26 Sr 9)

Impact Assessment

This is a routine debt market listing circular with no material impact on equity markets. The commercial papers represent short-term borrowings by well-known corporates at competitive discount to face value. Largest issuances are by Reliance Retail Ventures Limited (32,000 units, ~₹1,590 crore) and Indian Oil Corporation Limited (31,500 units, ~₹1,567 crore). Debt market members should update their systems with the new ISIN codes and security descriptors. No action required from equity market participants or retail investors.

Impact Justification

Routine operational circular notifying admission of privately placed commercial papers to NSE debt market segment. No regulatory changes or compliance requirements for equity market participants; informational for debt market members only.