Description
BSE lists Rs. 175 crore Commercial Paper issued by Network 18 Media & Investments Limited on private placement basis, maturing on 14th November 2025.
Summary
BSE has listed new Commercial Paper worth Rs. 175 crore issued by Network 18 Media & Investments Limited on private placement basis. The securities will trade in dematerialized form with face value of Rs. 5 lakh each and mature on 14th November 2025.
Key Points
- Commercial Paper quantity: 3,500 units of Rs. 5 lakh each (total Rs. 175 crore)
- Issue price: Rs. 4,93,189.50 per unit (discount to face value)
- Credit rating: CARE A1+, IND A1+
- Scrip Code: 730064, Scrip ID: N18IL21825
- ISIN: INE870H14VT2
- Trading in standard denomination of Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples
- ICICI Bank Ltd. appointed as Issuing and Paying Agent
Important Dates
- Allotment Date: 21st August 2025
- Trading Commencement: 21st August 2025
- Maturity/Redemption Date: 14th November 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing for short-term funding needs. The instrument provides Network 18 Media with working capital financing for approximately 3 months at competitive rates given the A1+ credit rating.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact