Description
BSE announces listing of Rs. 125 crore Commercial Paper by Sterlite Technologies Limited for trading on debt segment.
Summary
BSE has listed new Commercial Paper of Sterlite Technologies Limited worth Rs. 125 crore (2,500 units of Rs. 5 lakh each) issued on private placement basis. The securities will trade on BSE Debt segment with scrip code 730120.
Key Points
- Commercial Paper of Rs. 5,00,000/- each issued by Sterlite Technologies Limited
- Total quantity: 2,500 units (Rs. 125 crore)
- Issue price: Rs. 4,83,595/- per unit
- Credit rating: CRISIL A1+, ICRA A1+
- 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 restricted to standard denomination of Rs. 5 lakhs and multiples thereof
- HDFC Bank Limited acts as Issuing and Paying agent
Important Dates
- Allotment date: August 29, 2025
- Listing effective: September 1, 2025
- Redemption date: January 27, 2026
Impact Assessment
Routine debt instrument listing with minimal market impact. Provides short-term funding option for Sterlite Technologies and investment avenue for institutional investors in highly-rated commercial paper.
Impact Justification
Routine commercial paper listing with no market-wide implications