Description

BSE announces listing of Rs. 5,000 crore Commercial Paper issued by Tata Power Co. Ltd on private placement basis with 3-month tenor.

Summary

BSE has listed new Commercial Paper issued by Tata Power Co. Ltd on private placement basis effective November 21, 2025. The issuance comprises 10,000 securities of Rs. 5,00,000 each (total Rs. 5,000 crore) with a tenor of approximately 3 months, maturing on February 20, 2026. The securities carry CRISIL A1+ and IND A1+ ratings and will trade in dematerialized form only.

Key Points

  • Issuer: Tata Power Co. Ltd
  • Security Type: Commercial Paper (private placement)
  • Total Issue Size: Rs. 5,000 crore (10,000 units × Rs. 5,00,000)
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,92,522 per unit (discount of Rs. 7,478)
  • Scrip Code: 730624
  • Scrip ID: TPCL211125
  • ISIN: INE245A14KN8
  • Credit Rating: CRISIL A1+, IND A1+
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Issuing and Paying Agent: ICICI Bank Limited
  • Trading Segment: BSE Debt segment (dematerialized form only)

Regulatory Changes

No regulatory changes. This is a routine listing notification for debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE245A14KN8
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities will be traded on BSE Debt segment only
  • Members should contact BSE debt department (22728352/8597/8995/5753/8915) for clarifications

Important Dates

  • Allotment Date: November 21, 2025
  • Listing Date: November 21, 2025
  • Redemption Date: February 20, 2026
  • Tenor: 91 days (approximately 3 months)

Impact Assessment

Market Impact: Minimal. This is a routine short-term debt issuance by a blue-chip company for working capital management. The commercial paper market regularly sees such issuances.

Investor Impact: Provides institutional investors with a highly-rated short-term investment option from a reputable issuer. The A1+ rating indicates highest credit quality for short-term instruments.

Operational Impact: None for equity traders. Only affects debt segment participants dealing in commercial paper instruments.

Impact Justification

Routine commercial paper listing for large corporate. No regulatory changes or market-wide impact. Standard debt issuance activity.