Issues 2,000 Commercial Papers of Rs.5,00,000/- each, aggregating Rs.100 Crore

The company has issued 2,000 units of Commercial Papers (CPs) of Rs.5,00,000/- each, aggregating Rs.100 Crore, on October 9, 2026.

Fri 9 Oct 2026

Issue Size

2,000 units of Rs.5,00,000/- each, aggregating Rs.100 Crore

Coupon Rate

7.20%; interest paid upfront, principal payable on maturity

Tenure / Maturity

88 days from allotment; maturity January 5, 2027

What was announced

• The company has issued 2,000 units of Commercial Papers (CPs), ISIN INE442H14568, of Rs.5,00,000/- each, aggregating Rs.100 Crore.
• The issue was made on October 9, 2026.
• The CPs are unsecured and have no special rights attached to them.

Terms of the instrument

• Size of the issue: Rs.100 Crore
• Tenure: 88 days from the date of allotment
• Date of allotment: October 9, 2026
• Date of maturity: January 5, 2027
• Record date for redemption/payment on maturity: January 1, 2027
• Coupon rate / interest offered: 7.20%
• Schedule of payment of interest: upfront
• Schedule of payment of principal: on maturity, January 5, 2027
• Listing of Commercial Papers (proposed): BSE Limited

What a Commercial Paper is

• A CP is a short-term debt instrument that companies use to raise money, generally for working capital needs.
• In simple terms, the company is borrowing Rs.100 Crore for 88 days, paying interest at 7.20% upfront, and is due to repay the principal on January 5, 2027.
• Because the CPs are unsecured, no charge or security has been created over the company's assets for this borrowing.

Approval and outstanding position

• The Board, at its meeting held on August 11, 2025, approved issuance of Commercial Papers up to an amount of Rs.300 crore outstanding at any point of time, in one or more tranches. This Rs.100 Crore issue is within that approved limit.
• There are no Commercial Papers due for repayment as on the date of the letter.

The key points for a reader to note are the amount raised (Rs.100 Crore), the short tenure (88 days), the coupon of 7.20%, and the maturity date of January 5, 2027, when the principal falls due.

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.