Description
BSE lists new commercial paper issue of Rs. 500 crores by Tata Power Co. Ltd with 3-month tenure and CRISIL A1+ rating.
Summary
BSE has listed new commercial paper securities issued by Tata Power Co. Ltd on private placement basis. The issue consists of 10,000 units of Rs. 5 lakh each, totaling Rs. 500 crores, with a 3-month tenure and CRISIL A1+ credit rating.
Key Points
- Issue size: Rs. 500 crores (10,000 units of Rs. 5 lakh each)
- Issue price: Rs. 4,92,727.50 per unit (face value Rs. 5 lakh)
- Credit rating: CRISIL A1+, IND A1+
- Scrip code: 730000, ISIN: INE245A14KB3
- 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 restricted to standard denomination of Rs. 5 lakhs and multiples
- ICICI Bank Limited acts as Issuing and Paying agent
Important Dates
- Allotment date: August 11, 2025
- Redemption date: November 10, 2025
- Trading effective: August 11, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides short-term funding avenue for Tata Power and investment option for institutional investors in high-rated corporate debt.
Impact Justification
Routine commercial paper listing with standard terms and no market disruption