Description

BSE announces listing of Rs. 500 crore commercial paper issued by Tata Steel Limited on private placement basis with 90-day maturity.

Summary

BSE has listed new Commercial Paper issued by TATA STEEL LIMITED on private placement basis. The securities are worth Rs. 500 crores (10,000 units of Rs. 5 lakhs each) with a 90-day maturity period and ICRA A1+/IND A1+ credit rating.

Key Points

  • Securities: Commercial Paper of Rs. 5,00,000/- each
  • Quantity: 10,000 units (Total value: Rs. 500 crores)
  • Scrip Code: 729929, Scrip ID: TSL29725
  • ISIN: INE081A14FZ1
  • Issue Price: Rs. 4,92,794.50 per unit
  • Credit Rating: ICRA A1+, IND A1+
  • Issuing and Paying Agent: HDFC Bank Limited

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading only in dematerialized form
  • Standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Trading members can contact debt department for clarifications

Important Dates

  • Allotment Date: July 29, 2025
  • Listing Date: July 30, 2025
  • Redemption Date: October 27, 2025
  • Maturity Period: 90 days

Impact Assessment

Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper provides Tata Steel with short-term funding at competitive rates given the high credit rating. No impact on equity trading or broader market operations.

Impact Justification

Routine commercial paper listing with no market-wide implications