Description

BSE announces listing of two series of Commercial Papers totaling Rs. 2,145 crores issued by Reliance Jio Infocomm Limited on private placement basis, with redemption dates in December 2025.

Summary

BSE has listed two series of Commercial Papers issued by Reliance Jio Infocomm Limited on private placement basis, effective October 15, 2025. The first series comprises 8,000 units (Rs. 400 crores) with redemption on December 8, 2025, and the second series comprises 39,000 units (Rs. 1,950 crores) with redemption on December 15, 2025. Both instruments carry top credit ratings of CARE A1+ and CRISIL A1+, with Axis Bank Ltd serving as the Issuing and Paying Agent.

Key Points

  • Two Commercial Paper series listed on BSE Debt segment with effect from October 15, 2025
  • Series 1 (ISIN: INE110L14UH2): 8,000 units of Rs. 5 lakhs each, total value Rs. 400 crores, redemption December 8, 2025
  • Series 2 (ISIN: INE110L14UG4): 39,000 units of Rs. 5 lakhs each, total value Rs. 1,950 crores, redemption December 15, 2025
  • Face value and paid-up value: Rs. 5,00,000 per unit for both series
  • Issue prices: Rs. 4,95,631 (Series 1) and Rs. 4,95,080.50 (Series 2), reflecting discount on face value
  • Credit rating: CARE A1+ and CRISIL A1+ for both series
  • Date of allotment: October 14, 2025
  • Trading only in dematerialized form with market lot size of 1 unit
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Issuing and Paying Agent: Axis Bank Ltd

Regulatory Changes

No regulatory changes announced. This is a standard listing notification for debt instruments.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be observed for price movements
  • All trading rules applicable to BSE Debt segment instruments apply

Important Dates

  • October 14, 2025: Date of allotment for both Commercial Paper series
  • October 15, 2025: Listing and commencement of trading on BSE Debt segment
  • December 8, 2025: Redemption date for Series 1 (RJIL141025, ISIN: INE110L14UH2)
  • December 15, 2025: Redemption date for Series 2 (RJI141025, ISIN: INE110L14UG4)

Impact Assessment

Market Impact: Minimal. This is a routine listing of short-term debt instruments (Commercial Paper) by a well-established corporate issuer. The instruments have tenures of approximately 55-62 days and carry the highest short-term credit ratings.

Operational Impact: Standard operational procedures for debt segment trading apply. Trading members dealing in debt instruments can access these securities for their clients interested in short-term, high-rated corporate debt.

Investor Impact: Provides institutional and high net-worth investors with access to short-term debt instruments of Reliance Jio Infocomm Limited with strong credit ratings, offering an alternative avenue for short-term fund deployment at competitive yields implied by the discount to face value.

Impact Justification

Routine debt instrument listing of commercial paper by established issuer with high credit ratings (CARE A1+, CRISIL A1+). No regulatory changes or compliance requirements for market participants beyond standard debt trading rules.