Description

Titan Company Limited's new commercial paper of Rs. 1,500 crores (30,000 units of Rs. 5 lakhs each) listed on BSE Debt segment, maturing on March 9, 2026.

Summary

BSE has listed new commercial paper issued by Titan Company Limited on a private placement basis. The listing comprises 30,000 units with a face value of Rs. 5,00,000 each (total Rs. 1,500 crores), effective December 10, 2025. The commercial paper carries a CARE A1+ credit rating and will mature on March 9, 2026.

Key Points

  • Quantity: 30,000 units of commercial paper
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,92,650.50 per unit
  • Total Issue Size: Rs. 1,500 crores
  • Scrip Code: 730728
  • Scrip ID: TCL91225
  • ISIN: INE280A14500
  • Credit Rating: CARE A1+
  • Market Lot: 1 unit
  • Trading Mode: Dematerialized form only
  • Standard Denomination: Rs. 5 lakhs and multiples thereof
  • Tick Size: 1 paise
  • Issuing and Paying Agent: ICICI Bank Limited

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade the securities only in dematerialized form under ISIN INE280A14500
  • Trading permitted in standard denominations of Rs. 5 lakhs and multiples thereof
  • Securities to be traded on BSE Debt segment only

Important Dates

  • Allotment Date: December 9, 2025
  • Listing Date: December 10, 2025
  • Redemption Date: March 9, 2026
  • Tenure: 90 days (approximately 3 months)

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing representing short-term borrowing by Titan Company Limited to meet working capital requirements.

Investor Impact: Provides institutional investors with a short-term debt instrument from a highly rated issuer (CARE A1+). The 90-day maturity offers liquidity with minimal interest rate risk.

Operational Impact: Standard operational procedures apply for BSE debt segment trading members. No special arrangements required.

Impact Justification

Routine commercial paper listing with no market-wide implications; standard short-term funding instrument for Titan Company Limited