Description
BSE announces listing of new commercial paper securities worth Rs. 40 crores issued by Network 18 Media & Investments Limited on private placement basis.
Summary
BSE has listed new commercial paper securities issued by Network 18 Media & Investments Limited on private placement basis. Two tranches totaling Rs. 40 crores (8,000 securities of Rs. 5 lakh each) are now admitted for trading on the BSE Debt segment with different redemption dates in December 2025.
Key Points
- Two tranches of commercial paper listed: 3,000 and 5,000 securities respectively
- Face value: Rs. 5,00,000 per security
- Issue price: Rs. 4,92,727.50 per security
- Credit rating: CARE A1+, IND A1+
- Issuing and Paying Agent: ICICI Bank Ltd
- Trading in dematerialized form only
- 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 must be in standard denomination of Rs. 5 lakhs and multiples thereof
- Securities will trade under specified ISIN numbers
Important Dates
- Allotment Date (Tranche 1): September 2, 2025
- Allotment Date (Tranche 2): September 3, 2025
- Redemption Date (Tranche 1): December 2, 2025
- Redemption Date (Tranche 2): December 3, 2025
- Trading commencement: September 3, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The securities provide short-term funding option for Network 18 Media & Investments Limited with 3-month maturity period. Trading members can contact BSE debt department for any clarifications on the listed instruments.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact