Description

BSE lists two series of commercial paper issued by Tata Steel Limited totaling Rs. 1,375 crores with maturities in December 2025 and March 2026.

Summary

BSE has listed two series of commercial paper issued by Tata Steel Limited on private placement basis, effective December 9, 2025. The first series comprises 2,500 units worth Rs. 125 crores maturing on December 29, 2025, and the second series comprises 25,000 units worth Rs. 1,250 crores maturing on March 6, 2026. Both instruments are rated ICRA A1+ and IND A1+, with HDFC Bank Limited acting as the issuing and paying agent.

Key Points

  • Two commercial paper series listed on BSE Debt segment
  • Series 1: 2,500 units of Rs. 5 lakhs each (total Rs. 125 crores), maturing December 29, 2025
  • Series 2: 25,000 units of Rs. 5 lakhs each (total Rs. 1,250 crores), maturing March 6, 2026
  • Allotment date: December 8, 2025 for both series
  • Credit rating: ICRA A1+ and IND A1+ for both series
  • Trading in dematerialized form only
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Issuing and paying agent: HDFC Bank Limited

Instrument Details

Series 1 (TSL-29-12-25-CP):

  • Scrip Code: 730355
  • Scrip ID: TSL061025
  • ISIN: INE081A14GF1 (further listing under same ISIN)
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,98,294
  • Redemption Date: December 29, 2025

Series 2 (TSL-6-3-26-CP):

  • Scrip Code: 730723
  • Scrip ID: TSL081225
  • ISIN: INE081A14GK1
  • Face Value: Rs. 5,00,000
  • Issue Price: Rs. 4,92,905.50
  • Redemption Date: March 6, 2026

Regulatory Changes

No regulatory changes. This is a routine listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Trading members should use the specified ISIN numbers for transactions
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: December 8, 2025 (both series)
  • Listing Date: December 9, 2025 (both series)
  • Redemption Date (Series 1): December 29, 2025
  • Redemption Date (Series 2): March 6, 2026

Impact Assessment

This is a routine commercial paper listing with minimal market impact. The listing provides Tata Steel with short-term funding and offers debt market participants additional highly-rated instruments for investment. The strong credit ratings (A1+) reflect the issuer’s financial strength. The listing affects only debt segment participants and does not impact equity markets or broader trading operations.

Impact Justification

Routine commercial paper listing by large corporate with no market-wide implications; affects only debt segment trading members