Description

BSE announces listing and admission to trading of Rs. 250 crore Commercial Paper issued by Network 18 Media & Investments Limited on private placement basis, effective December 3, 2025.

Summary

BSE has listed new Commercial Paper issued by Network 18 Media & Investments Limited on private placement basis. The instrument comprises 5,000 units of Rs. 5,00,000 each (total Rs. 250 crore) with a 90-day maturity period from December 3, 2025 to March 3, 2026. The paper carries dual credit ratings of ICRA A1+ and IND A1+, indicating highest safety for short-term debt instruments.

Key Points

  • Issuer: Network 18 Media & Investments Limited
  • Security Type: Commercial Paper (private placement)
  • Total Issue Size: Rs. 250 crore (5,000 units × Rs. 5 lakh)
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,92,758.50 per unit (discounted)
  • Scrip Code: 730688
  • Scrip ID: N18MI31225
  • ISIN: INE870H14WH5
  • Credit Rating: ICRA A1+ and IND A1+
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Issuing and Paying Agent: ICICI Bank Ltd
  • Trading Mode: Dematerialized form only

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 INE870H14WH5
  • Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities must be traded through the BSE Debt segment

Important Dates

  • Allotment Date: December 3, 2025
  • Listing Date: December 3, 2025
  • Redemption Date: March 3, 2026
  • Maturity Period: 90 days

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing representing short-term borrowing by Network 18 Media & Investments Limited. The issuance provides the company with working capital financing at competitive rates, reflected by the high credit ratings (A1+).

Investor Impact: Available for debt market participants seeking highly-rated short-term instruments with 90-day maturity. The discount to face value (Rs. 4,92,758.50 vs Rs. 5,00,000) provides implied yield for investors.

Operational Impact: Trading members have access to trade this instrument on BSE Debt segment in Rs. 5 lakh denominations. ICICI Bank serves as the issuing and paying agent for redemption processing.

Contact: Debt department at BSE (22728352/8597/8995/5753/8915) for clarifications.

Impact Justification

Routine commercial paper listing with 90-day maturity. Standard short-term funding instrument with no market-wide implications.