Description
New commercial paper worth Rs. 20 crores issued by Titan Company Limited listed on BSE Debt segment with 91-day tenor.
Summary
Titan Company Limited has listed new commercial paper worth Rs. 20 crores (40,000 units of Rs. 5 lakh each) on BSE’s debt segment. The paper was issued on private placement basis with a 91-day tenor and CARE A1+ rating.
Key Points
- Commercial paper of Rs. 5,00,000/- denomination each
- Total quantity: 40,000 units (Rs. 20 crores)
- Issue price: Rs. 4,92,752/- per unit (discount to face value)
- Credit rating: CARE A1+
- Scrip code: 730176, Scrip ID: TCL90925
- ISIN: INE280A14484
- Trading in dematerialised 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 dematerialised form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- ICICI Bank Limited acts as issuing and paying agent
Important Dates
- Allotment date: September 9, 2025
- Listing date: September 10, 2025
- Redemption date: December 9, 2025
- Tenor: 91 days
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. Provides additional short-term funding avenue for Titan Company Limited with no effect on equity trading or market operations.
Impact Justification
Routine commercial paper listing with no material impact on trading or operations