Description
BSE announces listing of Rs. 450 crore Commercial Paper issued by Sharekhan Limited with 3-month tenor and CARE A1+/ICRA A1+ rating.
Summary
BSE has listed new Commercial Paper worth Rs. 450 crore issued by Sharekhan Limited on private placement basis. The instrument carries CARE A1+ and ICRA A1+ ratings with a 3-month maturity period.
Key Points
- Commercial Paper of Rs. 5,00,000 each (9,000 units totaling Rs. 450 crore)
- Issue price: Rs. 4,91,495.91 per unit (face value Rs. 5,00,000)
- Credit rating: CARE A1+ and ICRA A1+
- Allotment date: September 9, 2025
- Redemption date: December 9, 2025
- ISIN: INE211H14AE5
- Scrip Code: 730183
- HDFC Bank Limited serves as Issuing and Paying Agent
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading only in dematerialized form
- Standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise for trading
- Trading members must use specified ISIN number
Important Dates
- Allotment Date: September 9, 2025
- Listing Date: September 10, 2025
- Redemption Date: December 9, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing for short-term funding. The high credit ratings indicate low credit risk for investors.
Impact Justification
Routine commercial paper listing with no market-wide implications