Description
BSE announces listing of two new commercial paper issues by Redington Limited worth Rs. 5 lakhs each with CRISIL A1+ and ICRA A1+ ratings.
Summary
BSE has listed two new commercial paper issues by Redington Limited on private placement basis, each with face value of Rs. 5 lakhs. Both securities carry high credit ratings (CRISIL A1+ and ICRA A1+) and will trade in dematerialized form with HDFC Bank as issuing and paying agent.
Key Points
- Two commercial paper issues listed: RL-7-10-25-CP and RL-4-11-25-CP
- Face value: Rs. 5,00,000 each with 4000 quantities per issue
- Credit ratings: CRISIL A1+ and ICRA A1+
- Trading denomination: Rs. 5 lakhs and multiples thereof
- Tick size: 1 paise
- HDFC Bank Ltd acts as issuing and paying agent
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Securities must be traded only in dematerialized form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples
- Trading members can contact debt department for clarifications
Important Dates
- First CP allotment date: August 8, 2025, redemption: October 7, 2025
- Second CP allotment date: August 7, 2025, redemption: November 4, 2025
- Trading effective from: August 8, 2025
Impact Assessment
Minimal market impact as this is a routine debt instrument listing. Provides short-term funding options for Redington Limited and investment opportunities for institutional investors in high-rated commercial paper.
Impact Justification
Routine commercial paper listing with no broader market implications