Description

BSE announces listing of Commercial Paper worth Rs. 500 crores issued by Tata Power Co. Ltd on private placement basis, with redemption date of February 2, 2026.

Summary

BSE has listed new Commercial Paper issued by Tata Power Co. Ltd on private placement basis with effect from November 4, 2025. The issue comprises 10,000 units of Rs. 5,00,000 each, totaling Rs. 500 crores, with ISIN INE245A14KL2. The paper carries credit ratings of CRISIL A1+ and IND A1+, with ICICI Bank Limited acting as the Issuing and Paying Agent.

Key Points

  • Total issue size: Rs. 500 crores (10,000 units of Rs. 5 lakh each)
  • Scrip Code: 730480, Scrip ID: TPCL031125
  • Issue price: Rs. 4,92,413 per unit (discount to face value)
  • Credit ratings: CRISIL A1+ and IND A1+
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples
  • Tick size: 1 paise
  • Market lot: 1 unit
  • ISIN: INE245A14KL2
  • Issuing and Paying Agent: ICICI Bank Limited

Regulatory Changes

No regulatory changes. This is a standard listing notification for commercial paper issued under existing debt market regulations.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE245A14KL2
  • Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
  • Trading members requiring clarification should contact the debt department at specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Notice Date: November 4, 2025
  • Allotment Date: November 3, 2025
  • Listing Date: November 4, 2025
  • Redemption Date: February 2, 2026
  • Tenure: 91 days (approximately 3 months)

Impact Assessment

This listing has minimal market impact as it represents routine short-term debt financing by Tata Power Co. Ltd through commercial paper. The instrument is relevant only to debt market participants and institutional investors dealing in money market instruments. The high credit ratings (A1+) indicate strong creditworthiness. The discount issue price of Rs. 4,92,413 against face value of Rs. 5,00,000 implies an effective yield for the 91-day tenure. This does not affect equity trading or retail investors.

Impact Justification

Routine commercial paper listing for short-term debt instrument with 91-day tenure, impacting only debt market participants