Description
BSE announces listing of Rs. 250 crore Commercial Paper by Network 18 Media & Investments Limited with CARE A1+ rating.
Summary
BSE has listed new Commercial Paper worth Rs. 250 crore issued by Network 18 Media & Investments Limited on private placement basis. The securities are admitted for trading on BSE Debt segment effective September 10, 2025.
Key Points
- Commercial Paper of Rs. 5 lakh denomination each (5,000 units)
- Total issue size: Rs. 250 crore
- Credit Rating: CARE A1+, IND A1+
- Issue Price: Rs. 4,92,679 per unit (face value Rs. 5 lakh)
- Maturity: December 10, 2025 (91 days)
- Trading only in dematerialized form
- ICICI Bank Ltd acts as Issuing and Paying Agent
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise applicable
Important Dates
- Allotment Date: September 10, 2025
- Trading Commencement: September 10, 2025
- Redemption Date: December 10, 2025
Impact Assessment
Minimal market impact as this is a routine debt instrument listing. The commercial paper provides short-term funding for Network 18 Media & Investments Limited and offers institutional investors a rated investment option with 91-day maturity.
Impact Justification
Routine commercial paper listing with no broad market impact