Description

BSE announces listing of two series of Commercial Papers issued by Tata Steel Limited with face value of Rs. 5 lakhs each, maturing on November 28, 2025 and December 16, 2025.

Summary

BSE has listed two series of Commercial Papers issued by Tata Steel Limited on private placement basis with effect from October 17, 2025. The first series (Scrip Code: 730126) consists of 33,000 units with redemption on November 28, 2025, while the second series (Scrip Code: 730409) consists of 15,000 units with redemption on December 16, 2025. Both carry ICRA A1+ and IND A1+ credit ratings.

Key Points

  • Two Commercial Paper series listed on BSE Debt segment effective October 17, 2025
  • Series 1: 33,000 units, Scrip Code 730126 (TSL010925), ISIN INE081A14GC8, redemption November 28, 2025
  • Series 2: 15,000 units, Scrip Code 730409 (TSL161025), ISIN INE081A14GH7, redemption December 16, 2025
  • Face value and paid-up value: Rs. 5,00,000 per unit for both series
  • Issue prices: Rs. 496,519.50 (Series 1) and Rs. 495,077.00 (Series 2)
  • Allotment date: October 16, 2025 for both series
  • Credit rating: ICRA A1+ and IND A1+ for both instruments
  • HDFC Bank Limited acts as Issuing and Paying Agent
  • Trading only in dematerialized form with standard denomination of Rs. 5 lakhs and multiples
  • Market lot: 1 unit, tick size: 1 paise

Regulatory Changes

No regulatory changes announced.

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 maintained for these securities

Important Dates

  • October 16, 2025: Allotment date for both CP series
  • October 17, 2025: Listing and admission to dealings on BSE Debt segment
  • November 28, 2025: Redemption date for Series 1 (Scrip Code 730126)
  • December 16, 2025: Redemption date for Series 2 (Scrip Code 730409)

Impact Assessment

This is a routine listing notification with minimal market impact. The listing of Commercial Papers by Tata Steel provides short-term debt instruments for institutional investors in the debt segment. The high credit ratings (ICRA A1+ and IND A1+) reflect strong creditworthiness. This has no direct impact on equity trading or retail investors, as these instruments are traded in large denominations (Rs. 5 lakhs minimum) primarily among institutional participants in the debt market.

Impact Justification

Routine listing notification for commercial paper issuance with no impact on equity trading or compliance changes