Description
BSE lists new commercial paper of L&T worth Rs. 350 crores with 44-day maturity, effective August 13, 2025.
Summary
BSE has listed new commercial paper issued by Larsen & Toubro Limited on private placement basis. The issue comprises 7,000 units of Rs. 5 lakh each, totaling Rs. 350 crores, with a 44-day maturity period from August 13 to September 26, 2025.
Key Points
- Issue size: Rs. 350 crores (7,000 units of Rs. 5 lakh each)
- Issue price: Rs. 4,96,540.50 per unit (face value Rs. 5 lakh)
- Scrip code: 730003, Scrip ID: LTL110825
- ISIN: INE018A14LP2 (further listing under same ISIN)
- Credit rating: CRISIL A1+, IND A1+
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes. This is a routine listing of commercial paper under existing framework.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading must be in standard denomination of Rs. 5 lakhs and multiples
- State Bank of India acts as Issuing and Paying agent
Important Dates
- Allotment date: August 13, 2025
- Trading commencement: August 13, 2025
- Redemption date: September 26, 2025
- Maturity period: 44 days
Impact Assessment
Minimal market impact as this is a short-term commercial paper listing by a well-established company. The high credit rating (A1+) indicates low risk, and the 44-day maturity makes it suitable for short-term liquidity management by institutional investors.
Impact Justification
Routine commercial paper listing with short-term maturity and limited market impact