Description
BSE lists new commercial paper worth Rs. 75 crores issued by Mirae Asset Financial Services (India) Private Limited on private placement basis.
Summary
BSE has listed new commercial paper securities issued by Mirae Asset Financial Services (India) Private Limited worth Rs. 75 crores (1,500 units of Rs. 5 lakh each) on private placement basis, effective August 5, 2025.
Key Points
- Commercial paper denomination: Rs. 5,00,000 per unit
- Total quantity: 1,500 units (Rs. 75 crores total)
- Issue price: Rs. 4,91,460 per unit
- Credit rating: CRISIL A1+
- ISIN: INE0JRU14248
- Scrip code: 729962
- Trading in dematerialized form only
- Standard trading denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes. Standard commercial paper listing procedure.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples
- HDFC Bank Ltd acts as Issuing and Paying agent
Important Dates
- Allotment date: August 5, 2025
- Listing effective date: August 5, 2025
- Redemption date: November 4, 2025
- Tenure: 91 days
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides short-term funding option for Mirae Asset Financial Services and investment opportunity for institutional investors in highly-rated (A1+) commercial paper with 91-day maturity.
Impact Justification
Routine commercial paper listing with no broader market implications