Description
BSE announces listing of new Commercial Paper worth Rs. 500 crores issued by Pilani Investment and Industries Corporation Limited on private placement basis.
Summary
BSE has listed new Commercial Paper issued by Pilani Investment and Industries Corporation Limited on private placement basis. The instrument totaling Rs. 500 crores (10,000 units of Rs. 5 lakhs each) has been admitted to trading on the BSE Debt segment effective December 12, 2025.
Key Points
- Instrument: Commercial Paper issued on private placement basis
- Quantity: 10,000 units of Rs. 5,00,000 each (total Rs. 500 crores)
- Scrip Code: 730762
- Scrip ID: PIIC121225
- ISIN: INE417C14AI0
- Credit Rating: CARE A1+, CRISIL A1+
- Face Value: Rs. 5,00,000
- Issue Price: Rs. 4,91,725
- Market Lot: 1 unit
- Issuing and Paying Agent: ICICI Bank Ltd
- Trading only in dematerialized form
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced. This is a routine listing notification.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form under ISIN INE417C14AI0
- Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise must be observed
Important Dates
- Allotment Date: December 12, 2025
- Listing Date: December 12, 2025
- Redemption Date: March 13, 2026
- Tenor: 91 days (approximately 3 months)
Impact Assessment
This is a routine debt market listing with minimal impact on overall market operations. The commercial paper is a short-term debt instrument with 91-day maturity, rated A1+ by both CARE and CRISIL. Trading is restricted to the debt segment with no impact on equity markets. Only institutional and high-net-worth investors typically participate in commercial paper trading due to the high denomination requirement of Rs. 5 lakhs per unit.
Impact Justification
Routine listing of commercial paper on private placement basis with no impact on equity markets or general trading operations