Description
BSE lists new commercial paper worth Rs. 50 crores issued by Birla Corporation Ltd on private placement basis with 90-day maturity.
Summary
BSE has listed new commercial paper securities issued by Birla Corporation Ltd on private placement basis. The issue consists of 1,000 units of Rs. 5 lakh each, totaling Rs. 50 crores, with a 90-day maturity period and CRISIL A1+ rating.
Key Points
- Commercial paper worth Rs. 50 crores (1,000 units of Rs. 5 lakh each)
- Issue price: Rs. 4,92,531 per unit (face value Rs. 5 lakh)
- CRISIL A1+ credit rating
- 90-day maturity (allotment: 08/08/2025, redemption: 06/11/2025)
- ICICI Bank Limited as issuing and paying agent
- Trading in dematerialized form only
- Standard denomination of 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 restricted to standard denomination of Rs. 5 lakhs and multiples
- Securities to be traded under ISIN INE340A14148
Important Dates
- Allotment Date: August 8, 2025
- Listing Date: August 11, 2025
- Redemption Date: November 6, 2025
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper provides Birla Corporation with short-term funding at competitive rates given the A1+ rating, while offering institutional investors a highly-rated short-term investment option.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact