Description

BSE announces listing of 40,000 Commercial Papers of Tata Steel Limited with face value of Rs. 5 lakhs each, issued on private placement basis, with redemption date of February 28, 2026.

Summary

BSE has listed 40,000 Commercial Papers issued by Tata Steel Limited on private placement basis in the BSE Debt segment effective December 2, 2025. The instruments have a face value of Rs. 5,00,000 each, totaling Rs. 20,000 crore in aggregate value, with credit ratings of ICRA A1+ and IND A1+.

Key Points

  • Issuer: Tata Steel Limited
  • Instrument: Commercial Paper (Short-term debt)
  • Quantity: 40,000 units
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,92,814 per unit
  • Market Lot: 1 unit
  • Scrip Code: 730682
  • Scrip ID: TSL011225
  • ISIN: INE081A14GJ3
  • Credit Rating: ICRA A1+, IND A1+
  • Issuing and Paying Agent: HDFC Bank Limited
  • Trading: Only in dematerialized form
  • Tick Size: 1 paise

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE081A14GJ3
  • Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
  • Standard tick size of 1 paise applies
  • Trading members requiring clarification should contact BSE debt department

Important Dates

  • Allotment Date: December 1, 2025
  • Listing Date: December 2, 2025
  • Redemption Date: February 28, 2026
  • Tenure: Approximately 89 days

Impact Assessment

Market Impact: Low. This is a routine commercial paper issuance by Tata Steel for short-term working capital requirements. The private placement nature means it targets institutional investors rather than retail markets.

Operational Impact: Minimal. Standard debt instrument listing with no special trading conditions. The high credit ratings (A1+) indicate strong creditworthiness and low default risk.

Investor Impact: Limited to institutional investors participating in the private placement. The 89-day tenure makes this a short-term money market instrument with modest yield expectations based on the discount to face value.

Impact Justification

Routine commercial paper listing for corporate funding; minimal market impact as it's a private placement debt instrument with standard terms.