Description
BSE announces listing of Titan Company Limited's commercial paper worth Rs. 225 crores with maturity on November 27, 2025.
Summary
BSE has listed new commercial papers issued by Titan Company Limited on private placement basis effective September 2, 2025. The issuance comprises 4,500 units of commercial papers with a face value of Rs. 5,00,000 each, totaling Rs. 225 crores. The papers carry a CARE A1+ credit rating and will mature on November 27, 2025.
Key Points
- Total issue size: 4,500 units × Rs. 5,00,000 = Rs. 225 crores
- Scrip Code: 730127, Scrip ID: TCL290825
- ISIN: INE280A14476
- Credit Rating: CARE A1+ (highest short-term rating)
- Issue Price: Rs. 4,92,902 per unit (discount to face value)
- Maturity Period: 90 days (August 29, 2025 to November 27, 2025)
- Issuing and Paying Agent: ICICI Bank Limited
Regulatory Changes
No regulatory changes announced. This is a routine listing notification for commercial papers issued through private placement.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading must be in standard denomination of Rs. 5 lakhs and multiples thereof
- Market lot size is 1 unit
- Tick size for pricing is 1 paise
Important Dates
- Allotment Date: August 29, 2025
- Listing Date: September 2, 2025
- Redemption Date: November 27, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper issuance by an established company with strong credit rating. The listing provides additional short-term debt instruments for institutional investors and enhances liquidity in the commercial paper market. The CARE A1+ rating indicates very low credit risk for investors.
Impact Justification
Routine commercial paper listing with standard terms, no special conditions or market-wide implications