Description
BSE announces listing of TATA STEEL LIMITED's Commercial Paper worth Rs. 550 crores with maturity on November 28, 2025
Summary
BSE has listed new Commercial Paper issued by TATA STEEL LIMITED on a private placement basis. The securities consist of 11,000 units of Rs. 5,00,000 each, totaling Rs. 550 crores, with a maturity date of November 28, 2025. The papers will trade under scrip code 730126 with HDFC Bank Limited as the Issuing and Paying Agent.
Key Points
- Total issue size: Rs. 550 crores (11,000 units × Rs. 5,00,000 each)
- Scrip Code: 730126, Scrip ID: TSL010925
- ISIN: INE081A14GC8
- Credit Rating: ICRA A1+, IND A1+
- Issue Price: Rs. 4,92,987.50 per unit (discount to face value)
- Maturity period: 88 days (September 1 to November 28, 2025)
- Trading in dematerialized form only
Regulatory Changes
No regulatory changes introduced. Standard commercial paper listing procedures apply.
Compliance Requirements
- Trading members must note the securities will trade only in dematerialized form
- Trading shall occur in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for the securities is 1 paise
- Market lot size is 1 unit
Important Dates
- Allotment Date: September 1, 2025
- Listing Date: September 2, 2025
- Redemption Date: November 28, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing for short-term corporate funding needs. The high credit rating (A1+) indicates strong creditworthiness. Trading members can commence dealings immediately in the debt segment.
Impact Justification
Routine commercial paper listing with standard terms and short maturity period