Description

BSE announces listing of two series of Commercial Paper issued by TATA STEEL LIMITED on private placement basis, aggregating to Rs. 17,500 crores, with redemption dates in December 2025.

Summary

BSE has listed two series of Commercial Paper issued by TATA STEEL LIMITED on private placement basis effective October 7, 2025. The first series comprises 30,000 units of Rs. 5 lakh each (total Rs. 15,000 crores) maturing on December 22, 2025. The second series comprises 5,000 units of Rs. 5 lakh each (total Rs. 2,500 crores) maturing on December 29, 2025. Both instruments carry ICRA A1+ and IND A1+ credit ratings.

Key Points

  • Two Commercial Paper series listed on BSE Debt segment
  • Series 1: 30,000 units, ISIN INE081A14GG9, Scrip Code 730354, redemption December 22, 2025
  • Series 2: 5,000 units, ISIN INE081A14GF1, Scrip Code 730355, redemption December 29, 2025
  • Face value and paid-up value: Rs. 5,00,000 per unit for both series
  • Issue prices: Rs. 4,93,853 (Series 1) and Rs. 4,93,302 (Series 2)
  • Credit rating: ICRA A1+ and IND A1+ for both series
  • HDFC Bank Limited acts as Issuing and Paying Agent
  • Trading only in dematerialized form with standard denomination of Rs. 5 lakhs
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading shall occur in standard denomination of Rs. 5 lakhs and multiples thereof
  • Trading members requiring clarification may contact BSE debt department on specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: October 6, 2025
  • Listing Date: October 7, 2025
  • Redemption Date (Series 1): December 22, 2025
  • Redemption Date (Series 2): December 29, 2025

Impact Assessment

This is a routine administrative circular announcing the listing of short-term debt instruments. The listing enables trading of TATA STEEL’s commercial paper on BSE’s debt segment but has no impact on equity trading or broader market operations. The high credit ratings (A1+) reflect the issuer’s strong short-term creditworthiness. This is a standard corporate treasury operation for meeting short-term working capital requirements.

Impact Justification

Routine listing of commercial paper instruments on debt segment with no impact on equity markets or trading operations