Description

Redington Limited has listed 4000 units of Commercial Paper worth Rs. 200 crores on BSE Debt segment with maturity on December 12, 2025.

Summary

Redington Limited has listed 4000 units of Commercial Paper on BSE’s Debt segment effective October 13, 2025. The commercial paper was issued on private placement basis with a face value of Rs. 5,00,000 per unit (total issue size Rs. 200 crores), carrying top-tier credit ratings of CRISIL A1+ and ICRA A1+. The instruments were allotted on October 10, 2025 and will mature on December 12, 2025. HDFC Bank Ltd serves as the Issuing and Paying Agent.

Key Points

  • Quantity: 4000 units of Commercial Paper
  • Face Value: Rs. 5,00,000 per unit (Rs. 500 lakhs total issue size)
  • Issue Price: Rs. 4,94,917.50 per unit (discount of Rs. 5,082.50 per unit)
  • Scrip Code: 730382
  • Scrip ID: RL101025
  • ISIN: INE891D14A79
  • Credit Ratings: CRISIL A1+ and ICRA A1+
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading: Dematerialized form only, standard denomination of Rs. 5 lakhs and multiples thereof
  • Issuing and Paying Agent: HDFC Bank Ltd

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE891D14A79
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be followed for all trades
  • All trades must follow BSE Debt segment trading rules and regulations

Important Dates

  • Allotment Date: October 10, 2025
  • Listing Date: October 13, 2025
  • Redemption Date: December 12, 2025
  • Tenure: 63 days (approximately 2 months)

Impact Assessment

Market Impact: Minimal. This is a routine short-term debt issuance by Redington Limited for working capital or treasury management purposes. The commercial paper carries top-tier credit ratings (A1+ from both CRISIL and ICRA), indicating highest degree of safety regarding timely payment.

Investor Impact: Low risk investment opportunity for institutional investors and high net-worth individuals seeking short-term debt instruments with high credit quality. The discount-based pricing offers approximately 4.03% annualized yield based on the issue and redemption values.

Company Impact: Provides Redington Limited access to cost-effective short-term financing through the commercial paper route, which is typically cheaper than bank borrowing for highly-rated companies.

Impact Justification

Routine commercial paper listing by established company with high credit ratings (CRISIL A1+, ICRA A1+). Standard short-term debt instrument with 63-day tenure. No broader market implications.