Description
BSE announces listing of new Commercial Paper worth Rs.100 crores by Redington Limited on private placement basis.
Summary
BSE has listed new Commercial Paper issued by Redington Limited on private placement basis. The issue consists of 2000 units of Rs.5 lakh each, totaling Rs.100 crores, with a 25-day tenure from September 4, 2025 to September 30, 2025.
Key Points
- Issue size: Rs.100 crores (2000 units of Rs.5,00,000 each)
- Issue price: Rs.497,907.50 per unit (face value Rs.5,00,000)
- Credit rating: CRISIL A1+, ICRA A1+
- Scrip code: 730161, ISIN: INE891D14A38
- 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 allowed only in standard denomination of Rs.5 lakhs and multiples
- HDFC Bank Ltd acts as Issuing and Paying agent
Important Dates
- Allotment date: September 4, 2025
- Trading commencement: September 5, 2025
- Redemption date: September 30, 2025
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper has strong credit ratings (A1+) and short 25-day maturity, indicating low risk profile for institutional investors.
Impact Justification
Routine commercial paper listing with short 25-day tenure, minimal market impact