Description
BSE lists new commercial paper of Tata Steel Limited worth Rs. 245 crores with 90-day tenure.
Summary
BSE has listed new commercial paper issued by Tata Steel Limited on private placement basis. The commercial paper consists of 49,000 units of Rs. 5 lakhs each, totaling Rs. 245 crores, with a 90-day tenure.
Key Points
- Commercial paper of Rs. 5,00,000/- each (49,000 units)
- Total issue size: Rs. 245 crores
- Issue price: Rs. 4,92,734.50 per unit
- Credit rating: ICRA A1+, IND A1+
- Scrip code: 730171, Scrip ID: TSL90925
- ISIN: INE081A14GD6
- Trading in dematerialized form only
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for securities is 1 paise
- HDFC Bank Limited serves as Issuing and Paying agent
Important Dates
- Allotment date: September 9, 2025
- Redemption date: December 8, 2025
- Listing effective: September 10, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing by a large corporate entity. The short-term debt instrument provides liquidity management options for Tata Steel and investment opportunities for institutional investors in the debt segment.
Impact Justification
Routine commercial paper listing with no market-wide impact