Description
BSE announces listing of Titan Company Limited's commercial paper worth Rs. 225 crores on debt segment.
Summary
BSE has listed new commercial paper securities of Titan Company Limited issued on private placement basis, effective September 2, 2025. The listing includes 4,500 commercial papers of Rs. 5 lakh each, totaling Rs. 225 crores, with ICICI Bank Limited as the issuing and paying agent.
Key Points
- 4,500 commercial papers of Rs. 5,00,000 each listed on BSE Debt segment
- Issue price: Rs. 4,92,902 per security (face value Rs. 5,00,000)
- Scrip Code: 730127, ISIN: INE280A14476
- Credit rating: CARE A1+
- Trading only in dematerialized form
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced. Standard commercial paper listing procedure followed.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples
- Use specified ISIN number INE280A14476 for all transactions
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 debt instrument listing. The commercial paper provides short-term funding option for Titan Company with 90-day maturity. No impact on equity trading or broader market operations expected.
Impact Justification
Routine commercial paper listing with no material impact on equity trading or market operations