Description
BSE lists commercial paper worth Rs. 500 crores issued by Pilani Investment and Industries Corporation Limited on private placement basis, maturing on March 13, 2026.
Summary
BSE has listed commercial paper issued by Pilani Investment and Industries Corporation Limited on private placement basis. The instrument comprises 10,000 units of Rs. 5,00,000 each, totaling Rs. 500 crores, with a tenure of 91 days from December 12, 2025 to March 13, 2026. The securities are rated CARE A1+ and CRISIL A1+.
Key Points
- Total issue size: Rs. 500 crores (10,000 units × Rs. 5 lakh each)
- Face value: Rs. 5,00,000 per unit
- Issue price: Rs. 4,91,725 per unit (discount of Rs. 8,275)
- ISIN: INE417C14AI0
- Scrip code: 730762
- Scrip ID: PIIC121225
- Credit ratings: CARE A1+ and CRISIL A1+
- Issuing and paying agent: ICICI Bank Ltd
- Trading only in dematerialized form
- Standard denomination: Rs. 5 lakhs and multiples thereof
- Tick size: 1 paise
- Market lot: 1 unit
Regulatory Changes
No regulatory changes introduced. This is a standard 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
- Securities to be traded under ISIN INE417C14AI0
Important Dates
- Allotment date: December 12, 2025
- Listing date: December 12, 2025
- Redemption date: March 13, 2026
- Tenure: 91 days
Impact Assessment
This is a routine debt market listing with minimal market impact. The commercial paper provides short-term funding to Pilani Investment and Industries Corporation Limited. The high credit ratings (A1+ from both CARE and CRISIL) indicate strong creditworthiness. The listing expands debt market offerings but has no material impact on equity markets or broader trading operations.
Impact Justification
Routine listing of commercial paper on private placement basis with no broader market impact