# BSE lists Devi Sansthan’s Zero Coupon Zero Principal instrument 2026-08-20T13:07:21+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet The Bombay Stock Exchange has listed a Zero Coupon Zero Principal (ZCZP) instrument issued by Devi Sansthan. The listing was effective from the date specified in the exchange's notice, marking the instrument's availability for trading on the BSE platform. ZCZP instruments are debt securities that pay no periodic interest and have no principal repayment at maturity. They are typically used by charitable or religious institutions to raise funds, with investors receiving only the difference between the purchase price and the face value at redemption, which is treated as a donation. The listing of Devi Sansthan's ZCZP on BSE provides a regulated platform for investors to buy and sell these instruments, ensuring transparency and compliance with market rules. Further details regarding the instrument's tenure and issue size were not disclosed in the source. ## Indian Opinion Analysis ZCZP instruments are a niche fundraising tool for non-profit entities like trusts and charities, governed by Sebi regulations for listed debt. Devi Sansthan, a religious trust based in Rajasthan, has previously issued such instruments to finance its activities. The listing on BSE adds liquidity and price discovery for these securities, which otherwise trade over the counter. Investors in ZCZP effectively donate the principal while earning a tax-exempt return from the discount. The next key date will be the instrument's maturity, when the final redemption value is settled. ## Coverage - bseindia.com Straight regulatory filing from BSE with no editorial framing. This story was synthesised by AI from the source linked above. Tags: BSE, Devi Sansthan, SEBI, Zero Coupon Zero Principal Canonical: https://indianopinion.org/bse-lists-devi-sansthans-zero-coupon-zero-principal-instrument/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bse-lists-devi-sansthans-zero-coupon-zero-principal-instrument/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/