Description
BSE announces listing of Rs. 50 crore Commercial Paper by Navi Finserv Limited with CARE A1+ and IND A1+ ratings.
Summary
BSE has listed new Commercial Paper securities of Navi Finserv Limited worth Rs. 50 crore (1000 securities of Rs. 5 lakh each) issued on private placement basis. The securities carry CARE A1+ and IND A1+ credit ratings and will trade in the BSE Debt segment.
Key Points
- Securities: Commercial Paper of Rs. 5,00,000/- each
- Quantity: 1000 securities (Total value: Rs. 50 crore)
- Scrip Code: 730047, Scrip ID: NFL19825
- ISIN: INE342T14EA3
- Credit Rating: CARE A1+ and IND A1+
- Issue Price: Rs. 4,53,630.50 per security
- Trading only in dematerialized form
- 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 dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Securities will trade under ISIN INE342T14EA3
Important Dates
- Allotment Date: August 19, 2025
- Listing Date: August 20, 2025
- Redemption Date: August 18, 2026
Impact Assessment
Minimal market impact as this is a routine debt instrument listing. The commercial paper provides short-term funding option for Navi Finserv Limited and investment opportunity for institutional investors in the debt segment.
Impact Justification
Routine commercial paper listing with no broader market implications