Description

BSE announces listing of two series of Commercial Papers issued by Lodha Developers Limited on private placement basis, totaling Rs. 100 Crores.

Summary

BSE has listed two series of Commercial Papers (CPs) issued by Lodha Developers Limited on private placement basis, effective September 5, 2025. The first series of 1,000 CPs worth Rs. 50 Crores matures on March 20, 2026, while the second series of 1,000 CPs worth Rs. 50 Crores matures on December 3, 2025. Both series carry ICRA A1+ rating and are available for trading in dematerialized form only.

Key Points

  • Two series of Commercial Papers listed on BSE Debt segment
  • Series 1: 1,000 CPs of Rs. 5 Lakhs each, ISIN INE670K14030, maturing March 20, 2026
  • Series 2: 1,000 CPs of Rs. 5 Lakhs each, ISIN INE670K14022, maturing December 3, 2025
  • Both series rated ICRA A1+ (highest short-term rating)
  • Date of allotment: September 4, 2025
  • Yes Bank Limited acts as Issuing and Paying Agent
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 Lakhs and multiples thereof
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 Lakhs and multiples thereof
  • Market lot is 1 unit per CP

Important Dates

  • Date of Allotment: September 4, 2025
  • Listing Date: September 5, 2025
  • Redemption Date (Series 1): March 20, 2026 (196 days tenure)
  • Redemption Date (Series 2): December 3, 2025 (89 days tenure)

Impact Assessment

This is a routine debt instrument listing with minimal market impact. The listing provides Lodha Developers Limited with short-term funding through commercial papers totaling Rs. 100 Crores. The ICRA A1+ rating indicates strong credit quality. Impact is limited to debt market participants and does not affect equity trading or broader market operations. For clarifications, trading members can contact BSE debt department.

Impact Justification

Routine debt instrument listing with no impact on equity trading or broader market operations