Description
BSE announces listing of new commercial paper issued by Nuvama Wealth Finance Limited on private placement basis with face value of Rs. 5 lakhs each.
Summary
BSE has listed new commercial paper securities issued by Nuvama Wealth Finance Limited on private placement basis. Two series of commercial paper have been admitted to trading on BSE Debt segment with different maturity dates and quantities.
Key Points
- Two series of commercial paper listed with face value Rs. 5,00,000 each
- Series 1: 1000 units with redemption date September 15, 2025
- Series 2: 2000 units with redemption date March 10, 2026
- Both series carry CARE A1+ and CRISIL A1+ credit ratings
- ICICI Bank Limited acts as Issuing and Paying agent
- Trading in dematerialized form only with minimum denomination Rs. 5 lakhs
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Standard denomination requirement of Rs. 5 lakhs and multiples thereof
- Tick size for securities is 1 paise
Important Dates
- Listing effective date: August 28, 2025
- Series 1 allotment date: August 28, 2025
- Series 1 redemption date: September 15, 2025
- Series 2 allotment date: August 26, 2025
- Series 2 redemption date: March 10, 2026
Impact Assessment
Minimal market impact as this is a routine debt instrument listing. The commercial paper provides short-term funding option for Nuvama Wealth Finance Limited and additional investment opportunity for institutional investors in the debt segment.
Impact Justification
Routine commercial paper listing with limited market impact