Description

Tata Power Co. Ltd has listed new Commercial Paper worth Rs. 500 crore on BSE Debt segment with redemption on December 24, 2025.

Summary

Tata Power Co. Ltd has listed new Commercial Paper (CP) on BSE’s Debt segment on a private placement basis. The instrument has a face value of Rs. 5,00,000 per unit with 10,000 units issued, totaling Rs. 500 crore. The CP carries CRISIL A1+ and IND A1+ credit ratings and will be redeemed on December 24, 2025. ICICI Bank Limited serves as the Issuing and Paying Agent.

Key Points

  • Total issue size: 10,000 units of Rs. 5,00,000 each (Rs. 500 crore)
  • Issue price: Rs. 4,94,011 per unit (discount to face value)
  • Face value: Rs. 5,00,000 per unit
  • Scrip Code: 730374
  • Scrip ID: TPCL101025
  • Detail Name: TPCL-24-12-25-CP
  • ISIN: INE245A14KI8
  • Credit rating: CRISIL A1+, IND A1+
  • Trading permitted only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Market lot: 1 unit
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE245A14KI8
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Trading members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: October 10, 2025
  • Listing Date: October 10, 2025
  • Redemption Date: December 24, 2025
  • Tenure: 75 days (approximately 2.5 months)

Impact Assessment

This is a routine commercial paper listing with minimal market impact. The instrument provides short-term funding for Tata Power Co. Ltd at competitive rates, evidenced by the high credit ratings (A1+). The discount-to-face-value pricing (Rs. 4,94,011 vs Rs. 5,00,000) reflects the short tenure and prevailing money market rates. The listing expands debt market options for institutional investors seeking high-quality short-term instruments. No impact on equity markets or broader trading operations is anticipated.

Impact Justification

Routine commercial paper listing with standard terms, limited market-wide impact