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