Description
BSE announces listing of ₹35 crore commercial paper issued by Larsen & Toubro Limited with 44-day maturity period.
Summary
BSE has listed new commercial paper worth ₹35 crore issued by Larsen & Toubro Limited on private placement basis. The securities are available for trading on BSE Debt segment with effect from August 13, 2025.
Key Points
- Commercial paper of face value ₹5 lakh each, total 7,000 units
- Issue price: ₹4,96,540.50 per unit (discount to face value)
- Credit rating: CRISIL A1+, IND A1+
- Trading only in dematerialized form
- Standard denomination: ₹5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form under ISIN INE018A14LP2
- Trading in standard denomination of ₹5 lakhs and multiples thereof
- 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
Routine commercial paper listing with minimal market impact. Short-term funding instrument for Larsen & Toubro with strong credit ratings, providing investors with a 44-day investment option in the debt segment.
Impact Justification
Routine commercial paper listing with standard terms and short maturity