Description

BSE lists new commercial paper issue of Rs. 250 crores by Navi Finserv Limited with CARE A1+ and IND A1+ ratings.

Summary

BSE has listed new commercial paper securities of Navi Finserv Limited worth Rs. 250 crores issued on private placement basis. The securities carry CARE A1+ and IND A1+ credit ratings and will be traded in dematerialized form with effect from September 1, 2025.

Key Points

  • Commercial paper of Rs. 5,00,000 face value each
  • Total quantity: 500 units (Rs. 250 crores)
  • Issue price: Rs. 476,039.50 per unit
  • Credit ratings: CARE A1+ and IND A1+
  • Scrip code: 730124, ISIN: INE342T14EB1
  • Trading in standard denomination of Rs. 5 lakhs and multiples
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Securities will be traded only in dematerialized form
  • Trading in 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 date: September 1, 2025
  • Redemption date: February 26, 2026

Impact Assessment

Minimal market impact as this is a routine commercial paper listing for short-term funding needs. The high credit ratings indicate strong creditworthiness of the issuer.

Impact Justification

Routine commercial paper listing with no market-wide impact