Description
BSE lists new commercial paper worth Rs. 500 crores issued by Tata Steel Limited on private placement basis with redemption date of September 30, 2025.
Summary
BSE has listed new commercial paper worth Rs. 500 crores issued by Tata Steel Limited on private placement basis. The commercial paper has a face value of Rs. 5 lakhs each with 10,000 units listed, carrying ICRA A1+ and IND A1+ credit ratings.
Key Points
- Total issue size: Rs. 500 crores (10,000 units of Rs. 5 lakhs each)
- Issue price: Rs. 4,95,616 per unit (discount to face value)
- Credit rating: ICRA A1+ and IND A1+ (highest short-term rating)
- Scrip code: 729973, Scrip ID: TSL60825
- ISIN: INE081A14GA2
- Issuing and paying agent: HDFC Bank Limited
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade the securities only in dematerialized form
- Trading must be in standard denomination of Rs. 5 lakhs and multiples thereof
- Securities will be traded on BSE Debt segment
Important Dates
- Allotment date: August 6, 2025
- Listing date: August 7, 2025
- Redemption date: September 30, 2025
- Maturity period: Approximately 55 days
Impact Assessment
Minimal market impact as this is a routine commercial paper listing by a large corporate entity. The high credit ratings (A1+) indicate strong creditworthiness. The short-term nature (55 days maturity) provides Tata Steel with working capital financing at competitive rates.
Impact Justification
Routine commercial paper listing with no significant market impact