Description
BSE lists Commercial Paper of Rs. 10,000 crores issued by Titan Company Limited on private placement basis, effective December 12, 2025.
Summary
BSE has listed new Commercial Paper issued by Titan Company Limited on a private placement basis with effect from December 12, 2025. The instrument consists of 20,000 units of Commercial Paper with a face value of Rs. 5,00,000 each, totaling Rs. 10,000 crores. The securities will trade in dematerialized form on the BSE Debt segment.
Key Points
- Issuer: Titan Company Limited
- Security Type: Commercial Paper (Private Placement)
- Total Quantity: 20,000 units
- Face Value: Rs. 5,00,000 per unit
- Issue Price: Rs. 4,92,794.50 per unit
- Scrip Code: 730755
- Scrip ID: TCL111225
- ISIN: INE280A14518
- Credit Rating: CARE A1+
- Market Lot: 1 unit
- Issuing and Paying Agent: ICICI Bank Limited
- Trading Mode: Dematerialized form only
- Standard Denomination: Rs. 5 lakhs and multiples thereof
- Tick Size: 1 paise
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members must ensure transactions in these securities occur only in dematerialized form under ISIN INE280A14518
- Trading shall be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
- The tick size for trading is 1 paise
Important Dates
- Listing Date: December 12, 2025
- Deemed Date of Allotment: December 11, 2025
- Date of Redemption: March 11, 2026
Impact Assessment
This is a routine debt instrument listing with minimal market impact. The Commercial Paper provides Titan Company with short-term funding for approximately 90 days. The listing expands the debt securities available on BSE but has no direct impact on equity markets or trading members’ operations beyond awareness of the new instrument availability. The CARE A1+ rating indicates high credit quality, suggesting low default risk.
Impact Justification
Routine commercial paper listing with no impact on equity trading or broader market operations