Description
BSE announces listing of two new commercial paper issues by Poonawalla Fincorp Limited worth Rs. 35 crores and Rs. 50 crores respectively.
Summary
BSE has listed two new commercial paper instruments issued by Poonawalla Fincorp Limited on private placement basis. The first issue comprises 7,000 units of Rs. 5 lakh each (total Rs. 35 crores) maturing on October 27, 2025. The second issue comprises 1,000 units of Rs. 5 lakh each (total Rs. 5 crores) maturing on January 23, 2026.
Key Points
- Two commercial paper issues listed with effect from July 29, 2025
- First CP: 7,000 units, ISIN INE511C14YS9, maturity October 27, 2025
- Second CP: 1,000 units, ISIN INE511C14XZ6, maturity January 23, 2026
- Both issues carry CARE A1+ and CRISIL A1+ credit ratings
- ICICI Bank Limited serves as issuing and paying agent
- Trading in dematerialized form only with Rs. 5 lakh standard denomination
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading shall be in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size is 1 paise for both instruments
Important Dates
- Listing Date: July 29, 2025
- Allotment Date: July 28, 2025
- First CP Redemption: October 27, 2025
- Second CP Redemption: January 23, 2026
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The instruments provide short-term funding options for Poonawalla Fincorp and investment opportunities for institutional investors in the debt segment.
Impact Justification
Routine commercial paper listing with minimal market impact