Intimation regarding issuance, allotment and listing of Commercial Paper amounting to INR 500 crore.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Tata Communications has issued and allotted Commercial Paper (CP) aggregating to ₹500 crore. Each CP has a face value of ₹5,00,000 with an annualised discount rate of 6.58%. The paper was issued on April 17, 2025 and will be redeemed on July 17, 2025, giving it a short tenure of about 3 months. The instrument has been listed on the National Stock Exchange (NSE) on April 21, 2025, with ISIN INE151A14156.

Likely market impact

This is a routine short-term borrowing to meet working capital or short-term funding needs and does not dilute shareholder equity. The 6.58% discount rate indicates a reasonable borrowing cost for the company and is unlikely to materially move the stock price.