Description
BSE lists new commercial paper securities of Poonawalla Fincorp Limited worth Rs. 40 crores on private placement basis.
Summary
BSE has listed new commercial paper securities of Poonawalla Fincorp Limited issued on private placement basis. Two tranches totaling Rs. 40 crores have been admitted to trading on the BSE Debt segment with effect from July 29, 2025.
Key Points
- First tranche: 7000 units of Rs. 5 lakh each (Rs. 35 crores) maturing October 27, 2025
- Second tranche: 1000 units of Rs. 5 lakh each (Rs. 5 crores) maturing January 23, 2026
- Both tranches carry CARE A1+ and CRISIL A1+ credit ratings
- Securities will trade only in dematerialized form
- Standard denomination: Rs. 5 lakhs and multiples thereof
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must ensure securities are traded only in dematerialized form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples
- ICICI Bank Ltd acts as Issuing and Paying agent
Important Dates
- Allotment Date: July 28, 2025
- Trading Commencement: July 29, 2025
- First Tranche Redemption: October 27, 2025
- Second Tranche Redemption: January 23, 2026
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides additional short-term debt investment options for institutional investors in the debt segment.
Impact Justification
Routine commercial paper listing with no broader market implications