Description
BSE announces listing of Rs. 175 crore commercial paper issued by Network 18 Media & Investments Limited with maturity date of November 14, 2025.
Summary
BSE has listed new commercial paper worth Rs. 175 crore issued by Network 18 Media & Investments Limited on private placement basis. The commercial paper carries a face value of Rs. 5 lakh each and will mature on November 14, 2025.
Key Points
- Total issue size: Rs. 175 crore (3,500 units of Rs. 5 lakh each)
- Issue price: Rs. 493,189.50 per unit (discount to face value)
- Credit rating: CARE A1+ and IND A1+
- ISIN: INE870H14VT2
- Scrip code: 730064
- Trading lot: 1 unit
- Minimum trading denomination: Rs. 5 lakh
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Securities will trade only in dematerialized form
- Trading in standard denomination of Rs. 5 lakh and multiples thereof
- Tick size of 1 paise applies
- ICICI Bank Ltd acts as Issuing and Paying Agent
Important Dates
- Allotment date: August 21, 2025
- Trading commencement: August 21, 2025
- Redemption date: November 14, 2025
Impact Assessment
This is a routine debt instrument listing with minimal market impact. The commercial paper provides Network 18 with short-term financing for approximately 85 days. The strong credit ratings (A1+) indicate low credit risk for investors.
Impact Justification
Routine commercial paper listing with no broader market implications