Description

BSE announces listing of two series of commercial paper issued by Redington Limited on private placement basis, totaling Rs. 300 crores with maturities in December 2025 and January 2026.

Summary

BSE has listed two series of Commercial Paper issued by Redington Limited on private placement basis, effective October 20, 2025. The first series comprises 4,000 units of Rs. 5 lakh each (total Rs. 200 crores) maturing on December 16, 2025, and the second series comprises 2,000 units of Rs. 5 lakh each (total Rs. 100 crores) maturing on January 9, 2026. Both instruments are rated CRISIL A1+ and ICRA A1+, with HDFC Bank Ltd acting as the Issuing and Paying Agent.

Key Points

  • Two new commercial paper series listed on BSE Debt segment effective October 20, 2025
  • Series 1: 4,000 units at Rs. 5,00,000 face value each (Scrip Code: 730417, ISIN: INE891D14A87)
  • Series 2: 2,000 units at Rs. 5,00,000 face value each (Scrip Code: 730418, ISIN: INE891D14A95)
  • Allotment date: October 17, 2025 for both series
  • Credit ratings: CRISIL A1+ and ICRA A1+ for both instruments
  • Trading only in dematerialized form in standard denomination of Rs. 5 lakhs and multiples
  • Tick size: 1 paise
  • Issuing and Paying Agent: HDFC Bank Ltd

Regulatory Changes

No regulatory changes announced. This is a standard listing notification under existing BSE debt segment regulations.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Standard denomination of Rs. 5 lakhs and multiples thereof must be maintained
  • Market lot size is 1 unit
  • Members requiring clarification should contact BSE debt department on specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: October 17, 2025 (both series)
  • Listing Date: October 20, 2025 (both series)
  • Redemption Date (Series 1): December 16, 2025
  • Redemption Date (Series 2): January 9, 2026

Impact Assessment

Market Impact: Minimal. This is a routine listing of short-term commercial paper by an established company. The instruments provide additional short-term debt investment options for institutional investors.

Operational Impact: No significant operational changes required. Trading members can trade these instruments following standard BSE debt segment procedures.

Investor Impact: Limited to institutional investors and entities participating in commercial paper markets. The strong credit ratings (A1+) indicate high credit quality and low default risk for the short tenure.

Instrument Details

Series 1 (RL-16-12-25-CP)

  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,95,100.50
  • Quantity: 4,000 units
  • Total Issue Size: Rs. 200 crores
  • Tenure: 61 days (Oct 17 to Dec 16, 2025)
  • Implied Discount Rate: ~2.94% annualized

Series 2 (RL-09-01-26-CP)

  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,93,100.50
  • Quantity: 2,000 units
  • Total Issue Size: Rs. 100 crores
  • Tenure: 84 days (Oct 17 to Jan 9, 2026)
  • Implied Discount Rate: ~3.13% annualized

Impact Justification

Routine commercial paper listing with standard terms; affects only debt segment participants and institutional investors in short-term debt instruments.