Description

Tata Steel Limited's commercial paper worth Rs. 500 crores listed on BSE Debt segment with maturity date of November 28, 2025.

Summary

BSE has listed new Commercial Paper issued by Tata Steel Limited on private placement basis. The listing consists of 10,000 units of Rs. 5,00,000 face value each, totaling Rs. 500 crores. The instruments carry credit ratings of ICRA A1+ and IND A1+, with allotment date of October 13, 2025 and redemption date of November 28, 2025. HDFC Bank Limited acts as the Issuing and Paying Agent.

Key Points

  • Total issue size: Rs. 500 crores (10,000 units × Rs. 5,00,000)
  • Face value per unit: Rs. 5,00,000
  • Issue price: Rs. 4,96,260 per unit
  • Scrip Code: 730126
  • Scrip ID: TSL010925
  • ISIN: INE081A14GC8 (further listing under same ISIN)
  • Credit Rating: ICRA A1+, IND A1+
  • Market lot: 1 unit
  • Tick size: 1 paise
  • Trading only in dematerialized form
  • Standard trading denomination: Rs. 5 lakhs and multiples thereof

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities will be traded under ISIN INE081A14GC8
  • Trading members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Notice Date: October 14, 2025
  • Allotment Date: October 13, 2025
  • Listing Date: October 14, 2025
  • Redemption Date: November 28, 2025
  • Tenure: 46 days (from allotment to redemption)

Impact Assessment

This is a routine commercial paper listing with minimal market impact. The issuance represents standard short-term funding activity by Tata Steel Limited, a large corporate issuer. The high credit ratings (A1+) indicate strong creditworthiness. The 46-day maturity indicates this is for working capital or short-term liquidity management. There is no impact on equity markets or broader trading operations. Trading members dealing in debt securities should note the new listing for their records.

Impact Justification

Routine commercial paper listing with standard terms for short-term funding, no impact on broader market operations