Description

BSE lists Commercial Paper worth Rs. 250 crore issued by Pilani Investment And Industries Corporation Limited on private placement basis, maturing on February 25, 2026.

Summary

BSE has listed Commercial Paper issued by Pilani Investment And Industries Corporation Limited on private placement basis. The instrument comprises 5,000 units of Rs. 5,00,000 each (total Rs. 250 crore), issued at a discount with maturity period of 91 days. The securities are rated CARE A1+ and CRISIL A1+, with ICICI Bank Ltd acting as Issuing and Paying Agent.

Key Points

  • Total issue size: Rs. 250 crore (5,000 units × Rs. 5 lakh each)
  • Issue price: Rs. 4,91,688.50 per unit (discount of Rs. 8,311.50 per unit)
  • Face value: Rs. 5,00,000 per unit
  • Market lot: 1 unit
  • ISIN: INE417C14AG4
  • Scrip code: 730655
  • Scrip ID: PICL261125
  • Credit rating: CARE A1+ and CRISIL A1+
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE417C14AG4
  • Trading shall be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities will be traded on BSE Debt segment

Important Dates

  • Allotment date: November 26, 2025
  • Listing date: November 26, 2025
  • Redemption date: February 25, 2026
  • Tenor: 91 days

Impact Assessment

This is a routine commercial paper listing with minimal market impact. The instrument is a short-term debt security targeted at institutional investors for treasury management. The high credit ratings (A1+ from both CARE and CRISIL) indicate strong creditworthiness. There is no impact on equity markets or retail investors. The listing adds to the debt market liquidity for Pilani Investment And Industries Corporation Limited but does not represent any significant market event or policy change.

Impact Justification

Routine commercial paper listing with no impact on equity markets or broader regulatory changes. Standard debt instrument listing for institutional investors.