Description

BSE announces listing of two series of commercial paper issued by Tata Steel Limited on private placement basis, totaling Rs. 1,375 crores, with maturities in December 2025 and March 2026.

Summary

BSE has listed two new 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 (Scrip Code: 730355, ISIN: INE081A14GF1). The second series comprises 25,000 units worth Rs. 1,250 crores maturing on March 6, 2026 (Scrip Code: 730723, ISIN: INE081A14GK1). Both instruments carry ICRA A1+ and IND A1+ credit ratings.

Key Points

  • Two commercial paper series issued by Tata Steel Limited listed on BSE Debt segment
  • Series 1: Rs. 125 crores (2,500 units), 21-day maturity (Dec 29, 2025)
  • Series 2: Rs. 1,250 crores (25,000 units), 88-day maturity (Mar 6, 2026)
  • Face value: Rs. 5,00,000 per unit for both series
  • Credit rating: ICRA A1+ and IND A1+ for both series
  • Allotment date: December 8, 2025
  • Issuing and Paying Agent: HDFC Bank Limited
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification under existing debt market regulations.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading permitted only in standard denominations of Rs. 5 lakhs and multiples
  • Securities to be traded under respective ISIN numbers (INE081A14GF1 and INE081A14GK1)
  • Market lot size: 1 unit

Important Dates

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

Impact Assessment

Market Impact: Minimal. This is a routine short-term debt instrument listing for corporate treasury management. Commercial paper listings are standard practice for large corporates to meet working capital requirements.

Operational Impact: None for equity investors. Relevant only for debt market participants and institutional investors dealing in money market instruments.

Liquidity: The instruments provide short-term investment opportunities for institutional investors in highly-rated corporate debt with tenures ranging from 21 to 88 days.

Impact Justification

Routine commercial paper listing for corporate treasury operations with no impact on equity trading or investor compliance requirements