Description

BSE announces listing of 30,000 Commercial Paper securities of Titan Company Limited worth Rs. 500 crores issued on private placement basis, effective December 10, 2025.

Summary

BSE has listed new Commercial Paper securities of Titan Company Limited on its Debt segment effective December 10, 2025. The issue comprises 30,000 securities of Rs. 5,00,000 face value each, totaling Rs. 1,500 crores, issued on private placement basis. The securities carry a CARE A1+ rating and will mature on March 9, 2026. ICICI Bank Limited acts as the Issuing and Paying Agent.

Key Points

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

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE280A14500
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • All trades must comply with BSE Debt segment regulations
  • Trading members requiring clarification should contact BSE Debt Department on 22728352/8597/8995/5753/8915

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 short-term debt instrument listing that affects only debt market participants and institutional investors dealing in commercial paper.

Operational Impact: Trading members dealing in debt securities can now trade Titan Company’s Commercial Paper on BSE’s Debt segment. The 90-day tenure indicates this is a short-term funding instrument for Titan’s working capital requirements.

Investor Impact: Available only to institutional and qualified investors as per commercial paper regulations. The CARE A1+ rating indicates highest safety regarding timely payment of financial obligations and carries lowest credit risk in the short-term instruments category.

Impact Justification

Routine commercial paper listing notification for debt market participants. Standard short-term debt instrument listing with no impact on equity markets or broader regulatory framework.