Description

BSE announces listing of Rs. 5,000 crore Commercial Paper issued by Tata Power Co. Ltd on private placement basis, effective October 17, 2025.

Summary

BSE has listed Commercial Paper issued by Tata Power Co. Ltd on private placement basis with effect from October 17, 2025. The issue comprises 10,000 securities of Rs. 5,00,000 each, totaling Rs. 5,000 crore, with maturity on January 16, 2026. The instrument carries CRISIL A1+ and IND A1+ credit ratings and will trade in dematerialized form only.

Key Points

  • Issuer: Tata Power Co. Ltd
  • Security Type: Commercial Paper (Private Placement)
  • Face Value: Rs. 5,00,000 per unit
  • Issue Size: 10,000 units (Rs. 5,000 crore)
  • Issue Price: Rs. 4,92,534 per unit
  • Scrip Code: 730406
  • Scrip ID: TPCL171025
  • Detail Name: TPCL-16-01-26-CP
  • ISIN: INE245A14KJ6
  • Credit Rating: CRISIL A1+, IND A1+
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Issuing and Paying Agent: ICICI Bank Limited

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for debt securities issued on private placement basis.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE245A14KJ6
  • Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities must be traded on BSE Debt segment only
  • Trading members requiring clarification may contact debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: October 17, 2025
  • Listing Date: October 17, 2025
  • Redemption Date: January 16, 2026
  • Tenure: 91 days (approximately 3 months)

Impact Assessment

Market Impact: Minimal. This is a routine short-term debt instrument listing by a blue-chip infrastructure and power company. Commercial paper listings occur regularly and do not typically affect equity markets or broader market operations.

Operational Impact: Standard operational procedures apply for debt segment trading members. The instrument follows conventional trading parameters with Rs. 5 lakh denomination and dematerialized trading requirement.

Liquidity Impact: Limited secondary market liquidity expected given the short 3-month tenure and private placement nature. Institutional investors typically hold such instruments to maturity.

Credit Quality: Strong credit ratings (CRISIL A1+ and IND A1+) indicate highest degree of safety regarding timely payment of financial obligations, reflecting Tata Power’s strong financial position.

Impact Justification

Routine commercial paper listing by established corporate issuer with top credit ratings. Standard short-term debt instrument with no unusual terms or market implications.