Description

BSE announces listing of Rs. 225 crore Commercial Paper issued by Network 18 Media & Investments Limited on private placement basis, effective November 3, 2025.

Summary

BSE has listed new Commercial Paper securities issued by Network 18 Media & Investments Limited on private placement basis effective November 3, 2025. The issue comprises 4,500 units of Rs. 5,00,000/- each, totaling Rs. 225 crore, with a tenure of 91 days maturing on February 2, 2026. The securities carry dual credit ratings of CARE A1+ and IND A1+, with ICICI Bank Ltd acting as the Issuing and Paying Agent.

Key Points

  • Issue size: 4,500 units of Rs. 5 lakh each (total Rs. 225 crore)
  • Face Value: Rs. 5,00,000/- per unit
  • Issue Price: Rs. 4,92,473.50 per unit (discount of Rs. 7,526.50)
  • Scrip Code: 730473
  • Scrip ID: N18MI31125
  • ISIN: INE870H14WC6
  • Credit Rating: CARE A1+ and IND A1+
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading: Only in dematerialized form

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE870H14WC6
  • Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
  • Minimum trading lot is 1 unit
  • Tick size for price movements is 1 paise

Important Dates

  • Notice Date: November 3, 2025
  • Listing Date: November 3, 2025
  • Date of Allotment: November 3, 2025
  • Redemption Date: February 2, 2026
  • Tenure: 91 days

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing for short-term working capital financing. The securities are available only to institutional and high net-worth investors due to the Rs. 5 lakh denomination requirement.

Investor Impact: Relevant only to debt market participants and institutional investors interested in short-term, highly-rated instruments. The dual A1+ rating indicates highest safety for short-term instruments.

Operational Impact: Trading members handling debt securities need to configure systems for the new ISIN and ensure compliance with denomination requirements. Queries can be directed to BSE debt department at specified contact numbers (22728352/8597/8995/5753/8915).

Impact Justification

Routine commercial paper listing for short-term fundraising with no market-wide impact; relevant only to debt market participants and investors in Network 18 Media & Investments Limited