Company allots 3,000 commercial paper units aggregating to Rs. 150 Crore at 6.60% p.a

The company has allotted 3,000 units of commercial paper of Rs. 5,00,000/- each, aggregating to Rs. 150 Crore, on 09 October 2026.

Fri 9 Oct 2026

Commercial Paper Allotted

3,000 units of Rs. 5,00,000/- each, aggregating to Rs. 150 Crore

Coupon / Discount Rate

6.60% p.a.

Tenure and Maturity

Tenure 80 Days; matures 28-12-2026

What was allotted

• The Finance and Management Committee of the Board, using powers delegated by the Board of Directors, allotted 3,000 units of commercial paper of Rs. 5,00,000/- each, aggregating to Rs. 150 Crore, on 09 October 2026.
• Commercial paper is a short-term money market instrument that companies use to borrow for a few months. Each unit here has a face value of Rs. 5,00,000/-.

Terms of the issue

• Tenure of the instrument: 80 Days, with the date of allotment being 09-10-2026 and the date of maturity 28-12-2026.
• Coupon/interest offered/discount rate: 6.60% p.a.
• Schedule of payment of interest: upfront. Schedule of payment of principal amount: payment on maturity.
• Charge/security: unsecured.
• ISIN: INE019C14680.
• Proposed to be listed: yes, on BSE Ltd.
• Issued in favour of Kotak Mahindra Bank; the IPA (issuing and paying agent) is ICICI Bank Limited.
• No special rights or privileges are attached to the CPs.

What investors can take from it

• The company has raised Rs. 150 Crore for 80 Days through an unsecured instrument at a stated rate of 6.60% p.a., with the principal repayable on maturity and interest payable upfront.
• The company states that a delay in payment of interest or principal beyond three months from the due date, or default in payment of interest or principal, is not applicable.
• The company also states that there are no letters or comments regarding payment or non-payment of interest or principal on due dates, or any other matter concerning the security and/or the assets.
• The commercial paper is proposed to be listed on BSE Ltd and carries no special rights.

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