Knowledge Realty Trust544481CP issuance

Manager's Borrowing Committee approves allotment of 10,000 commercial papers totalling INR 500,00,00,000

Knowledge Realty Trust allots 10,000 listed, rated, redeemable commercial papers.

By ScoutQuest · Thu 5 Nov 2026, 4:39 PM IST · 2 min read

Aggregate Principal Amount: INR 500,00,00,000
Face Value per Paper: INR 5,00,000
Tenor and Maturity: 49 Days, maturing 24-12-2026

Short-term borrowing through commercial papers

Knowledge Realty Trust has raised money by issuing commercial papers — short-term debt instruments that are repaid within a year.

What was approved

The Borrowing Committee of Knowledge Realty Office Management Services Private Limited, the manager of Knowledge Realty Trust, passed a resolution by circulation on 05th November, 2026.
Under it, the Committee considered and approved the allotment of 10,000 (Ten Thousand) listed, rated, redeemable commercial papers.
Face value of each paper: INR 5,00,000 (Indian Rupees Five Lakhs only).
Aggregate principal amount: INR 500,00,00,000 (Indian Rupees Five Hundred Crore only).
The papers were issued at a discount, in dematerialised form, on a private placement basis.

Terms at a glance

ISIN: INE1JAR14032
Issue size: 500,00,00,000
Units: 10,000
Date of maturity: 24-12-2026
Discount rate: 7.4800%
Tenor: 49 Days
Proposed listing: wholesale debt market segment of BSE Limited

What a commercial paper is

A commercial paper is an unsecured, short-term promissory note issued by a large borrower to raise funds quickly, typically to bridge working capital or temporary cash needs. It is issued at a discount to face value: the buyer pays less than INR 5,00,000 today and receives the full face value on maturity. The gap between the issue price and the face value is the return to the buyer — and the cost to the issuer.

Why the rate matters

The 7.4800% discount rate is the annualised cost at which the trust has borrowed for this 49 Days window. Because the tenor is short and the papers mature on 24-12-2026, the borrowing has to be repaid or rolled over within about seven weeks of allotment. The rate therefore gives a read on the trust's short-term borrowing cost at this point in time.

Scale of the issuance

At an aggregate principal amount of INR 500,00,00,000, this is a sizeable short-term funding line. It sits alongside the trust's existing listed instruments; the update references discussions continuing from an earlier intimation dated 17th June, 2026.

Points a unitholder may note

Commercial papers are typically unsecured, so they rank differently from secured borrowing.
A discounted issuance means the trust receives slightly less than the face value of INR 500,00,00,000 today and pays back the full face value on maturity.
The papers are proposed to be listed on BSE's wholesale debt market segment, which is the platform for institutional debt trading rather than for retail units.

How to read this

An issuance of this kind is a routine treasury and funding action by a listed trust, disclosed under Regulation 23(5)(i) of the REIT regulations. On its own it tells an investor about the cost and tenure of short-term money the trust has taken, not about its earnings or distributions.

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