Description

BSE announces listing of 30,000 Commercial Papers worth Rs. 5 lakh each issued by Larsen & Toubro Limited on private placement basis, effective November 7, 2025.

Summary

BSE has listed new Commercial Papers issued by Larsen & Toubro Limited on a private placement basis. The listing comprises 30,000 securities with a face value of Rs. 5,00,000 each, effective November 7, 2025. The securities will trade exclusively in dematerialized form on the BSE Debt segment with a redemption date of February 5, 2026.

Key Points

  • Quantity: 30,000 Commercial Papers issued
  • Face Value: Rs. 5,00,000 per security
  • Issue Price: Rs. 4,92,650.50 per security
  • Market Lot: 1 unit
  • Scrip Code: 730516
  • Scrip ID: LTL071125
  • ISIN Number: INE018A14LS6
  • Credit Rating: CRISIL A1+, IND A1+
  • Issuing and Paying Agent: State Bank of India
  • Trading: Only in dematerialized form
  • Tick Size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE018A14LS6
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: November 7, 2025
  • Date of Allotment: November 7, 2025
  • Redemption Date: February 5, 2026
  • Tenure: 90 days (approximately 3 months)

Impact Assessment

Market Impact: Low - This is a routine commercial paper listing for a large, established corporate entity. The securities are rated A1+ by both CRISIL and IND, indicating highest safety regarding timely payment of financial obligations.

Operational Impact: Minimal - Trading members can now trade these securities on the debt segment following standard procedures. The listing expands available short-term debt instruments for institutional investors and provides Larsen & Toubro with short-term funding at competitive rates.

Investor Impact: The high credit rating and short tenure make these securities suitable for conservative institutional investors seeking short-term debt exposure to a blue-chip infrastructure company.

Impact Justification

Routine commercial paper listing with no immediate market impact; informational circular for debt segment trading members regarding new tradeable securities.