Commercial Papers of Rs. 100 Crores Issued at 6.30% for 90 Days
The company has issued Commercial Papers worth Rs. 100 Crores on September 24, 2026.
By ScoutQuest · · 1 min read
- Issue Size
- Rs. 100 Crores
- Tenure
- 90 days
- Maturity Date
- December 23, 2026
- Coupon Rate
- 6.30% per annum
- Total CP Outstanding
- Rs. 100 Crores
What happened
The company has issued Commercial Papers (CPs) of Rs. 100 Crores on September 24, 2026, and disclosed it to the exchanges.
What a Commercial Paper is
A Commercial Paper is a short-term, unsecured borrowing instrument used by companies to raise money for a few months. Investors buy it at a discount and get the face value back at maturity, which is why the interest here is paid upfront.
Key terms of this issue
- Issue size: Rs. 100 Crores
- Tenure: 90 days
- Date of allotment: September 24, 2026
- Date of maturity: December 23, 2026
- Coupon: 6.30 % per annum
- Interest schedule: upfront
- Principal: payable on maturity
- Charge/security: Unsecured
- Special rights: none attached
- Listed on: National Stock Exchange of India Limited
Approval and headroom
The Finance Committee, at its meeting held on October 23, 2024, approved issuance of Commercial Papers up to Rs. 600 crore outstanding at any point of time, in one or more tranches. This issue is one such tranche.
The aggregate amount of Commercial Papers outstanding as on date, including this issue, is Rs. 100 Crores.
How to read it
This adds short-term debt that must be repaid within three months. The rate of 6.30% per annum is the cost of these funds. There is no delay or default in payment of interest or principal reported in this update.
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More numbers
- Issue size of Commercial PapersRs. 100 Crores
- Tenure of instrument90 days
- Coupon/interest offered6.30 % per annum
- Approved CP programme limit outstanding at any timeRs. 600 crore
- Aggregate CPs outstanding as on dateRs. 100 Crores
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