Allotment of Commercial Papers Worth INR 250 Crores at 6.35% Discount Rate
The Borrowings Committee approved allotment of two sets of commercial papers on private placement basis.
By ScoutQuest · · 1 min read
- First Tranche
- 3000 units of INR 5,00,000 each = INR 150,00,00,000 for 54 days, maturing November 17, 2026
- Second Tranche
- 2000 units of INR 5,00,000 each = INR 100,00,00,000 for 43 days, maturing November 06, 2026
- Discount Rate
- 6.35%
- Total CP Issuance
- INR 250 crores
What happened
The Borrowings Committee of Nexus Select Mall Management Private Limited, the Manager to Nexus Select Trust, passed a resolution by circulation on September 24, 2026 approving the allotment of listed, rated, redeemable, rupee denominated commercial papers.
The two tranches
- ISIN INE0NDH14189: 3000 units of face value INR 5,00,000 each, aggregate INR 150,00,00,000, tenure 54 days, maturing November 17, 2026, discount rate 6.35%.
- ISIN INE0NDH14171: 2000 units of face value INR 5,00,000 each, aggregate INR 100,00,00,000, tenure 43 days, maturing November 06, 2026, discount rate 6.35%.
How it works
Commercial paper is a short-term borrowing instrument. It is issued at a discount to face value rather than paying periodic interest — the investor pays less than INR 5,00,000 per unit today and receives the full face value at maturity. The issue is on a private placement basis and in dematerialised form, as per the Disclosure Document dated September 22, 2026 and other transaction documents.
What it means for investors
This is short-term funding with both tranches maturing within about two months of allotment. Such issuances are commonly used to manage near-term liquidity or working capital needs. The papers are proposed to be listed on the wholesale debt market segment of BSE Limited, which is a segment for institutional debt rather than the equity market where units trade.
Also from Nexus Select Trust
Sponsor group extends security cover on 326,819,372 pledged units to a USD 300,000,000 facility
23 Oct 2026
Q2 FY2027 earnings conference call timing revised to 16:30 Hrs IST on November 03, 2026
16 Oct 2026
Corporate governance compliance report shared for the quarter ended September 30, 2026
16 Oct 2026
More numbers
- CP tranche 1 units3000 units
- CP face value per unitINR 5,00,000/-
- CP tranche 1 aggregate principalINR 150,00,00,000/-
- CP tranche 1 tenure54 days
- CP tranche 2 units2000 units
- CP tranche 2 aggregate principalINR 100,00,00,000/-
- CP tranche 2 tenure43 days
- Discount rate (both tranches)6.35%
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