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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. 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. The 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. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-10-20 02:51