Besides, it has also paid maturity proceeds to all holders, according to a regulatory filing by Titan, a Tata Group-managed firm.
"We wish to inform you that the company has fully redeemed the commercial papers (CPs) of Rs 1,000 crore issued on July 21, 2026," it said.
Bonds Corner Powered By Titan redeems Rs 1,000 crore commercial paper
Titan Company Ltd has successfully fulfilled its obligation by redeeming commercial papers worth Rs 1,000 crore, originally issued on July 21, 2026. As the maturity date has arrived, all investors have duly received their returns. This action adheres to the regulations established by the Securities and Exchange Board of India. As part of the Tata Group and functioning under the Tamil Nadu government, Titan encompasses various lifestyle brands.
India bonds give up day's gains as oil price spike adds to rate hike fearsIndia corporate bond boom may scale record in 2026 as borrowers lock in ratesIndia bonds rise after flat open as sharp drop in US yields spurs value buyingOil, foreign flows in focus for rupee; bond traders eye rate-hike bets
Browse all Bonds News withThe redemption was carried out in accordance with the Securities and Exchange Board of India's (Sebi) operational circular governing the issue and listing of non-convertible securities and commercial papers.
Commercial papers are short-term, unsecured money market instruments issued by companies to meet their short-term funding requirements. They are typically used to finance working capital and other immediate business needs.
The redemption marks the repayment of the commercial paper issue upon maturity, with the company confirming that all holders have received their dues.
Titan, a JV between Tata Group and the Tamil Nadu government, has a presence across watches and wearables, jewellery, eyewear and other lifestyle categories through brands such as Titan, Tanishq, Mia, CaratLane, and Fastrack.
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)