Description
BSE lists new commercial paper securities of Network 18 Media & Investments Limited worth Rs. 40 crore on private placement basis.
Summary
BSE has listed new Commercial Paper securities of Network 18 Media & Investments Limited on private placement basis effective September 3, 2025. Two tranches totaling Rs. 40 crore have been listed with 3-month maturity periods.
Key Points
- Two commercial paper issues listed: Rs. 15 crore and Rs. 25 crore tranches
- Face value: Rs. 5,00,000 per security
- Issue price: Rs. 4,92,727.50 per security
- Credit rating: CARE A1+, IND A1+
- ICICI Bank Ltd acts as Issuing and Paying Agent
- 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 restricted to standard denomination of Rs. 5 lakhs and multiples
- Securities to be traded under specified ISIN numbers
Important Dates
- Listing effective date: September 3, 2025
- First tranche allotment: September 2, 2025
- Second tranche allotment: September 3, 2025
- First tranche redemption: December 2, 2025
- Second tranche redemption: December 3, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides short-term funding option for Network 18 Media & Investments Limited with no effect on equity markets or trading operations.
Impact Justification
Routine commercial paper listing with standard terms and no market disruption