Description
Network 18 Media & Investments Limited lists new Commercial Paper securities worth Rs. 2.5 crores on BSE Debt segment.
Summary
Network 18 Media & Investments Limited has listed new Commercial Paper securities on BSE’s Debt segment. Two tranches totaling Rs. 2.5 crores (5000 units of Rs. 5 lakhs each) were issued on private placement basis with CARE A1+ and IND A1+ credit ratings.
Key Points
- Two tranches of Commercial Paper listed: 3500 units and 1500 units
- Face value: Rs. 5,00,000 per unit
- Credit Rating: CARE A1+ and IND A1+
- ICICI Bank Ltd acts as Issuing and Paying Agent
- Trading in dematerialised 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 dematerialised form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples
- Use specified ISIN numbers for trading
Important Dates
- First tranche allotment: August 13, 2025
- Second tranche allotment: August 14, 2025
- First tranche redemption: November 12, 2025
- Second tranche redemption: November 11, 2025
- Trading effective: August 14, 2025
Impact Assessment
Minimal market impact as this is a routine debt instrument listing. Provides short-term funding option for Network 18 Media & Investments Limited and investment opportunity for institutional investors in highly-rated commercial paper.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact