Description
BSE lists two new Commercial Paper issues by Redington Limited worth Rs. 40 crores total with different maturity dates.
Summary
BSE has listed two new Commercial Paper issues by Redington Limited on private placement basis, both with face value of Rs. 5 lakhs each. Total issue size is Rs. 40 crores (4000 units × Rs. 5 lakhs each for both issues). Both papers carry CRISIL A1+ and ICRA A1+ credit ratings.
Key Points
- Two Commercial Paper issues listed on BSE Debt segment
- Issue 1: 4000 units, redemption on October 7, 2025 (ISIN: INE891D14A12)
- Issue 2: 4000 units, redemption on November 4, 2025 (ISIN: INE891D14A20)
- Both issues have face value of Rs. 5,00,000 per unit
- HDFC Bank Ltd acts as Issuing and Paying Agent for both issues
- Trading only in dematerialized form
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for securities is 1 paise
- Market lot size is 1 unit
Important Dates
- Issue 1 Allotment Date: August 8, 2025
- Issue 1 Redemption Date: October 7, 2025
- Issue 2 Allotment Date: August 7, 2025
- Issue 2 Redemption Date: November 4, 2025
- Trading Effective Date: August 8, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides additional short-term debt instrument options for investors in Redington Limited with high credit ratings (A1+). The staggered maturity dates offer flexibility for different investment horizons.
Impact Justification
Routine commercial paper listing with no market-wide implications