Commercial Paper of INR 100 crores Issued and Allotted at 6.6% p.a

Minda Corporation has issued and allotted Commercial Paper totalling INR 100 crores.

Tue 29 Sep 2026

Commercial Paper Size

INR 100 crores

Issue Date

29-09-2026

Redemption Date

28-12-2026

Face Value per Security

INR 5,00,000

Discount Rate

6.6% p.a.

What was shared

Minda Corporation Limited intimated the exchanges, under Regulation 30 of the SEBI LODR Regulations, that it has issued and allotted Commercial Paper aggregating INR 100 crores.

Key terms

• Description of security: Commercial Paper
• Size of the issue: INR 100 crores
• Date of issue: 29-09-2026
• Date of redemption: 28-12-2026
• Face value per security: INR 5,00,000/-
• Discount rate: 6.6% p.a.

What Commercial Paper means

Commercial Paper is an unsecured, short-term debt instrument. Investors buy it at a discount to face value and receive the full face value at redemption; the difference is their return. Here that return works out to a discount rate of 6.6% p.a. for the company's borrowing cost on this instrument.

Tenure

The gap between the issue date and the redemption date is about three months, so this is short-term borrowing rather than long-term debt. Companies typically use such paper for working capital and short-term liquidity management.

Listing

The Commercial Paper has been listed on the National Stock Exchange of India Limited on September 29, 2026.

How investors may read it

This is an operational funding disclosure rather than an event affecting the company's business plans. Points a reader may track are the size of the short-term borrowing, the cost at which it was raised, and the redemption due date.

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