Description

BSE lists two series of commercial papers issued by Tata Steel Limited on private placement basis, aggregating Rs. 17,500 crores, with maturities in December 2025.

Summary

BSE has listed two series of Commercial Papers (CPs) issued by Tata Steel Limited on private placement basis, effective October 7, 2025. The first series comprises 30,000 CPs of Rs. 5 lakh face value each (totaling Rs. 15,000 crores) maturing on December 22, 2025. The second series comprises 5,000 CPs of Rs. 5 lakh face value each (totaling Rs. 2,500 crores) maturing on December 29, 2025. Both instruments carry ICRA A1+ and IND A1+ credit ratings, with HDFC Bank Limited acting as the Issuing and Paying Agent.

Key Points

  • Two series of Commercial Papers listed on BSE Debt segment with effect from October 7, 2025
  • Series 1: 30,000 CPs with face value Rs. 5,00,000 each, scrip code 730354 (TSL61025), ISIN INE081A14GG9
  • Series 2: 5,000 CPs with face value Rs. 5,00,000 each, scrip code 730355 (TSL061025), ISIN INE081A14GF1
  • Date of allotment: October 6, 2025 for both series
  • Credit rating: ICRA A1+ and IND A1+ for both series
  • HDFC Bank Limited is the Issuing and Paying Agent
  • Trading only in dematerialized form in standard denomination of Rs. 5 lakhs and multiples thereof
  • Market lot size: 1 unit, tick size: 1 paise

Regulatory Changes

No regulatory changes. This is a standard debt listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be maintained for price movements

Important Dates

  • October 6, 2025: Date of allotment for both CP series
  • October 7, 2025: Effective date of listing and commencement of trading on BSE
  • December 22, 2025: Redemption date for Series 1 (TSL61025)
  • December 29, 2025: Redemption date for Series 2 (TSL061025)

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing for short-term working capital requirements. The instruments are debt securities with short tenures (approximately 2.5 months) and do not affect the equity capital structure of Tata Steel.

Investor Impact: Limited to debt market participants and institutional investors who participate in commercial paper markets. The A1+ rating indicates highest safety for short-term debt instruments.

Operational Impact: None. Standard listing procedure with established trading parameters. Contact details provided for clarifications (debt department: 22728352/8597/8995/5753/8915).

Impact Justification

Routine commercial paper listing for working capital purposes with no impact on equity investors or market operations