Description
BSE lists ₹225 crore commercial paper issue by Network 18 Media & Investments Limited with 3-month maturity.
Summary
BSE has listed commercial paper worth ₹225 crore issued by Network 18 Media & Investments Limited on private placement basis. The papers have a face value of ₹5 lakh each with 4,500 units listed under scrip code 729955.
Key Points
- Commercial paper of ₹5,00,000 face value each (4,500 units totaling ₹225 crore)
- Issue price: ₹4,92,776 per unit (representing discount to face value)
- Credit rating: CARE A1+ and IND A1+
- Trading in dematerialized form only with minimum lot size of ₹5 lakh
- ICICI Bank Ltd acts as issuing and paying agent
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading permitted only in standard denomination of ₹5 lakhs and multiples
- Securities must be traded under ISIN INE870H14VP0
Important Dates
- Allotment Date: August 4, 2025
- Trading Commencement: August 4, 2025
- Redemption Date: November 3, 2025
- Maturity Period: 3 months
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper provides Network 18 with short-term funding at competitive rates given the A1+ credit rating. Standard trading parameters apply with no special conditions or restrictions.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact