Description
BSE announces listing of Rs. 50 crore commercial paper issued by Birla Corporation Ltd on private placement basis.
Summary
BSE has listed new commercial papers worth Rs. 50 crore issued by Birla Corporation Ltd on private placement basis. The securities will trade in dematerialised form with CRISIL A1+ rating and mature on November 6, 2025.
Key Points
- Commercial Paper of Rs. 5 lakh face value each (1000 units)
- Issue price: Rs. 4,92,531 per unit
- ISIN: INE340A14148, Scrip Code: 729998
- Credit Rating: CRISIL A1+
- ICICI Bank Limited acts as Issuing and Paying Agent
- Trading in 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 dematerialised form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples thereof
- Securities to be traded under specified ISIN number
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 debt instrument listing. The commercial paper provides short-term funding option for Birla Corporation Ltd with approximately 3-month tenure.
Impact Justification
Routine commercial paper listing with no market-wide implications