Description

BSE announces listing of Commercial Paper worth Rs. 500 crores issued by Tata Power Co. Ltd on private placement basis, with redemption date of December 24, 2025.

Summary

BSE has listed Commercial Paper issued by Tata Power Co. Ltd on private placement basis with effect from October 10, 2025. The issuance comprises 10,000 units of Rs. 5,00,000 each (total Rs. 500 crores) with maturity on December 24, 2025. The instrument carries credit ratings of CRISIL A1+ and IND A1+, and will be traded only in dematerialized form through the BSE Debt segment.

Key Points

  • Total issuance size: Rs. 500 crores (10,000 units x Rs. 5 lakhs each)
  • 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
  • ISIN: INE245A14KI8
  • Credit rating: CRISIL A1+ and IND A1+
  • Issuing and Paying Agent: ICICI Bank Limited
  • Market lot: 1 unit
  • Tick size: 1 paise
  • Trading denomination: Rs. 5 lakhs and multiples thereof
  • Trading mode: Dematerialized form only

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE245A14KI8
  • Trading shall occur 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
  • Tenor: 75 days (approximately 2.5 months)

Impact Assessment

This is a routine short-term debt issuance with minimal market impact. Commercial paper is a common instrument used by corporates like Tata Power for managing working capital requirements. The strong credit ratings (A1+) indicate low credit risk. The listing provides institutional investors with a liquid, short-duration debt instrument. There is no impact on equity trading or retail investors. The discount pricing (Rs. 4,94,011 vs Rs. 5,00,000 face value) implies an implicit interest rate of approximately 4.97% for the 75-day period.

Impact Justification

Routine commercial paper listing for working capital needs, no impact on trading members or equity investors