Description
BSE announces listing of Rs. 1,650 crore Commercial Paper issued by Larsen & Toubro Limited with redemption on September 26, 2025.
Summary
BSE has listed new Commercial Paper worth Rs. 1,650 crore issued by Larsen & Toubro Limited on private placement basis. The securities are available for trading on BSE Debt segment with effect from August 12, 2025.
Key Points
- Commercial Paper of Rs. 5,00,000/- each with 33,000 units
- Issue Price: Rs. 4,96,384/- per unit (discount to face value)
- Credit Rating: CRISIL A1+, IND A1+
- Scrip Code: 730003, Scrip ID: LTL110825
- ISIN: INE018A14LP2
- State Bank of India is the Issuing and Paying Agent
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading only in dematerialised form
- Standard denomination of Rs. 5 Lakhs and multiples thereof
- Tick size of 1 paise for trading
- Trading members can contact debt department for clarifications
Important Dates
- Date of Allotment: August 11, 2025
- Trading Commencement: August 12, 2025
- Date of Redemption: September 26, 2025
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper provides additional funding avenue for L&T and offers investment option for institutional investors in debt segment.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact