Description
BSE lists new commercial paper issues totaling Rs. 250 crores by Network 18 Media & Investments Limited with maturity dates in November 2025.
Summary
BSE has listed new commercial paper issues by Network 18 Media & Investments Limited totaling Rs. 250 crores across two series with face value of Rs. 5 lakhs each. The papers are rated CARE A1+ and IND A1+ with maturity periods of approximately 3 months.
Key Points
- Two series of commercial paper listed on BSE debt segment
- Series 1: 3,500 units of Rs. 5 lakhs each (Rs. 175 crores) maturing November 12, 2025
- Series 2: 1,500 units of Rs. 5 lakhs each (Rs. 75 crores) maturing November 11, 2025
- Issue prices at discount: Rs. 4,92,715.50 and Rs. 4,92,873.50 respectively
- ICICI Bank Ltd acts as Issuing and Paying Agent
- Credit rating: CARE A1+ and IND A1+
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading only in dematerialized form under specified ISIN numbers
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise for price movements
- Trading members must use designated scrip codes: 730022 and 730030
Important Dates
- Series 1 Allotment Date: August 13, 2025
- Series 2 Allotment Date: August 14, 2025
- Series 1 Redemption Date: November 12, 2025
- Series 2 Redemption Date: November 11, 2025
- Trading commencement: August 14, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The instruments provide short-term funding for Network 18 Media & Investments Limited and offer investment opportunities for institutional investors in the debt market segment.
Impact Justification
Routine commercial paper listing with no significant market impact