Description
BSE lists new commercial paper of Tata Steel Limited worth Rs. 500 crores with redemption date of September 30, 2025.
Summary
BSE has listed new commercial paper issued by Tata Steel Limited on private placement basis. The commercial paper consists of 10,000 units of Rs. 5 lakh each, totaling Rs. 500 crores, with a redemption date of September 30, 2025.
Key Points
- Securities: Commercial Paper of Rs. 5,00,000/- each
- Total quantity: 10,000 units (Rs. 500 crores total)
- Scrip Code: 729973, Scrip ID: TSL60825
- ISIN: INE081A14GA2
- Credit Rating: ICRA A1+, IND A1+
- Issue price: Rs. 4,95,616/- per unit
- 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 securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- HDFC Bank Limited acts as Issuing and Paying agent
Important Dates
- Date of allotment: August 6, 2025
- Listing effective date: August 7, 2025
- Redemption date: September 30, 2025
Impact Assessment
Routine debt instrument listing with minimal market impact. Provides short-term funding option for Tata Steel Limited and investment opportunity for institutional investors in highly-rated commercial paper.
Impact Justification
Routine commercial paper listing with limited market impact