Description
BSE announces listing of two new commercial paper issues by Network 18 Media & Investments Limited worth Rs. 500 crores each, maturing in November 2025.
Summary
BSE has listed two new commercial paper issues by Network 18 Media & Investments Limited on private placement basis. The first issue consists of 3,500 units of Rs. 5 lakh each (total Rs. 175 crores) maturing on November 12, 2025. The second issue consists of 1,500 units of Rs. 5 lakh each (total Rs. 75 crores) maturing on November 11, 2025. Both issues carry CARE A1+ and IND A1+ credit ratings.
Key Points
- Two commercial paper issues listed on BSE debt segment
- Issue 1: 3,500 units, ISIN INE870H14VS4, allotted August 13, 2025
- Issue 2: 1,500 units, ISIN INE870H14VR6, allotted August 14, 2025
- Face value Rs. 5 lakh per unit for both issues
- ICICI Bank Ltd serves as issuing and paying agent
- Trading only in dematerialized form
- Standard denomination Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading must be in standard denominations of Rs. 5 lakhs and multiples thereof
- Securities will be traded under specified ISIN numbers
Important Dates
- Issue 1 allotment date: August 13, 2025
- Issue 2 allotment date: August 14, 2025
- Issue 1 redemption date: November 12, 2025
- Issue 2 redemption date: November 11, 2025
- Trading effective: August 14, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The issuance provides Network 18 Media & Investments Limited with short-term funding for approximately 3 months. The high credit ratings (A1+) indicate good creditworthiness of the issuer.
Impact Justification
Routine commercial paper listing with no significant market impact