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