Description
BSE announces listing of Rs. 10 crores Commercial Paper issued by Axis Finance Limited with redemption date of October 30, 2025.
Summary
BSE has listed new Commercial Paper worth Rs. 10 crores issued by Axis Finance Limited on private placement basis. The securities are admitted for trading on BSE Debt segment with effect from August 7, 2025.
Key Points
- Commercial Paper of Rs. 5,00,000/- each (200 units totaling Rs. 10 crores)
- Credit Rating: CRISIL A1+, IND A1+
- Issue Price: Rs. 492,861 per unit (Face Value: Rs. 500,000)
- Scrip Code: 729911, ISIN: INE891K14PE6
- Trading in dematerialized form only
- Standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must ensure trading only in dematerialized form
- Trading must be conducted in standard denominations of Rs. 5 lakhs and multiples
- Axis Bank Limited acts as Issuing and Paying Agent
Important Dates
- Allotment Date: August 6, 2025
- Trading Commencement: August 7, 2025
- Redemption Date: October 30, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The instrument provides short-term funding option for Axis Finance Limited with a tenor of approximately 85 days.
Impact Justification
Routine commercial paper listing with minimal market impact