500 Commercial Papers of INR 5,00,000 each allotted, aggregating to INR 25 crore
Banking and Investment Committee of A. K. Capital Services approved allotment of 500 Commercial Papers on Oct 15, 2026.
By ScoutQuest · · 2 min read
- Total Issue Size
- 500 Commercial Papers, aggregating to INR 25 crore
- Issue Price per CP
- INR 4,84,934; discount rate 9.00% p.a.
- Credit Rating and Redemption Date
- CARE A1+; redemption on Feb 18, 2027
What the company informed
The Banking and Investment Committee of A. K. Capital Services Limited, on Thursday, October 15, 2026, approved the allotment of 500 units of Commercial Papers (CPs). Each CP carries a face value of INR 5,00,000, taking the total to INR 25 crore (Indian Rupees Twenty Five Crores only). The CPs are proposed to be listed on BSE Limited.
What a Commercial Paper is
A CP is a short-term debt instrument a company issues to borrow money for a few months. It is sold at a price below face value, and repaid at face value on the redemption date. The discount is effectively the cost of that borrowing for the issuer.
The terms as disclosed
- Description of the instrument: Commercial Paper, proposed to be listed on BSE Limited
- Date of issue and date of allotment: October 15, 2026
- Date of redemption: February 18, 2027
- Discount rate: 9.00% per annum
- Face value per CP: INR 5,00,000
- Issue price per CP: INR 4,84,934
- Redemption value: INR 25 crore
- Credit rating: CARE A1+
- Issuing and Paying Agent: The Federal Bank Limited
How to read the numbers
The issue price of INR 4,84,934 per CP is lower than the face value of INR 5,00,000, so the company receives less than the face value now and repays the full face value on redemption. The difference between the two amounts, spread across the period up to February 18, 2027, works out to the cost of this borrowing at the disclosed 9.00% per annum discount rate. The CARE A1+ shown is a short-term credit rating for the instrument.
What this means for an investor
This is an update about money being raised through a short-term debt instrument, not about equity shares, dividends or earnings. It adds a short-term obligation that the company is scheduled to repay on February 18, 2027. Retail shareholders can note the terms, the rating and the redemption date when tracking the company's short-term borrowings and their cost.
Also from AK Capital Services
Letters sent on 1st interim dividend credit and payouts that could not be processed
23 Oct 2026
Banking and Investment Committee approves issuance of 100 Commercial Papers aggregating INR 5 crore
23 Oct 2026
Certificate confirming timely payment of Commercial Paper maturity amount of INR 5,00,00,000
15 Oct 2026
More numbers
- Units of Commercial Papers allotted500 units
- Face value per CPINR 5,00,000/-
- Aggregate amount of CPs allottedINR 25,00,00,000/-
- Discount rate (% p.a.)9.00%
- Issue price per CP4,84,934/-
- Redemption value25,00,00,000/-
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.