Description
New commercial paper of Rs. 5 lakh denomination issued by Tata Steel Limited listed on BSE debt segment for trading.
Summary
Tata Steel Limited has listed new commercial paper worth Rs. 500 crore (10,000 units of Rs. 5 lakh each) on BSE’s debt segment. The commercial paper was issued through private placement and is now available for trading in dematerialized form.
Key Points
- Commercial paper denomination: Rs. 5,00,000 per unit
- Total quantity: 10,000 units (Rs. 500 crore)
- Issue price: Rs. 4,92,794.50 per unit
- Credit rating: ICRA A1+, IND A1+
- Scrip code: 729929
- ISIN: INE081A14FZ1
- Trading only in dematerialized form
- Standard trading denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading must be in standard denomination of Rs. 5 lakhs and multiples thereof
- HDFC Bank Limited serves as the issuing and paying agent
Important Dates
- Allotment date: July 29, 2025
- Listing effective date: July 30, 2025
- Redemption date: October 27, 2025
Impact Assessment
Minimal market impact as this is a routine debt instrument listing. Provides additional short-term funding avenue for Tata Steel and investment option for institutional investors in the debt market.
Impact Justification
Routine commercial paper listing with no impact on equity trading or broader market operations