Intimation regarding issuance allotment and listing of Commercial Paper
TATACOMM · price
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Awaiting price reaction for this filing.
Tata Communications Limited has issued and allotted Commercial Paper (CP) worth ₹700 crore on May 23, 2025, which has been listed on the National Stock Exchange. The CP carries a face value of ₹5 lakh per unit, has a discount rate of 6.55% per annum, and will be redeemed on August 22, 2025 (a roughly 3-month tenor). The instrument has been assigned ISIN INE151A14164. This is a routine short-term fundraising activity, typically used by companies to meet working capital or immediate funding needs.
This is a short-term debt raising move and is unlikely to materially affect the stock price. Existing shareholders are not diluted, but the company adds ₹700 crore of short-term liabilities to its books, which it will need to repay within three months.