Description
BSE lists 4500 commercial papers of Rs. 5 lakh each issued by Godrej Finance Limited on private placement basis with CRISIL A1+ and ICRA A1+ ratings.
Summary
BSE has listed new commercial papers issued by Godrej Finance Limited on private placement basis. The listing includes 4500 commercial papers of Rs. 5,00,000 each with high credit ratings and 3-month maturity period.
Key Points
- 4500 commercial papers of Rs. 5 lakh face value each listed on BSE Debt segment
- Issue price: Rs. 4,92,050.50 per paper (discount to face value)
- Credit ratings: CRISIL A1+ and ICRA A1+
- Scrip Code: 730075, ISIN: INE02KN14572
- Trading only in dematerialised form
- Standard denomination: Rs. 5 lakhs and multiples thereof
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade these securities only in dematerialised form
- Trading must be in standard denomination of Rs. 5 lakhs and multiples
- ICICI Bank Limited acts as Issuing and Paying agent
Important Dates
- Allotment Date: August 22, 2025
- Listing Date: August 22, 2025 (effective from today)
- Redemption Date: November 21, 2025
- Maturity Period: 3 months
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides short-term funding option for Godrej Finance Limited and investment opportunity for debt market participants. High credit ratings indicate low default risk.
Impact Justification
Routine commercial paper listing with no market-wide implications