Rs.100 crore Commercial Paper issued on private placement basis, rated CRISIL A1+
Completed corporate action for 2,000 Commercial Papers of Rs.5,00,000 face value each, aggregating Rs.100 crore, on a private placement basis.
- Issue Size
- Rs.100 crore
- Number of CPs
- 2,000
- Face Value per CP
- Rs.5,00,000
- Coupon Rate
- 6.60%
- Credit Rating
- CRISIL A1+
What happened
The company completed corporate action on September 29, 2026 in respect of 2,000 Listed, Rated, Taxable, Transferable Commercial Paper aggregating to Rs.100 crore, issued on a private placement basis, following the Board Meeting dated May 14, 2026.
Terms of the issue
- Face Value: Rs.5,00,000 each
- Issued at a discount amounting to Rs.98,46,87,000
- Size of the issue: Rs.100 crore
- Fixed Coupon Rate: 6.60%
- Tenure: 86 days; maturity and redemption at par on December 24, 2026
- The CPs are unsecured
Rating and listing
The issuance is rated CRISIL A1+ by CRISIL Ratings Limited, the highest short-term rating grade. The CPs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE Limited.
How to read it
Commercial Paper is a short-term borrowing tool. The company receives about Rs.98,46,87,000 now and repays Rs.100 crore at par on December 24, 2026, with the difference representing the borrowing cost. Since it is unsecured, no company assets are charged against it. This is typically used for short-term funding needs.
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More numbers
- Number of Commercial Papers2,000
- Aggregate issue sizeRs.100 crore
- Face value per CPRs.5,00,000
- Discounted issue amountRs.98,46,87,000
- Fixed coupon rate6.60%
- Tenure86 days
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