Allotment of 180-day Commercial Papers Worth Rs. 31 Crore Redemption Value
The Investment and Borrowing Committee approved allotment of Commercial Papers on 25th September 2026.
- Issue Value
- Rs. 296,825,930
- Redemption Value
- Rs. 310,000,000
- Tenure
- 180 days
- Face Value Per Security
- Rs. 500,000
- Issue Price Per Security
- Rs. 478,751.50
What happened
The Investment and Borrowing Committee of the Board approved the allotment of Commercial Papers (CPs) on 25th September 2026. CPs are short-term borrowing instruments issued at a discount to face value and repaid at full face value on maturity.
Key terms
- Issue value: Rs. 296,825,930
- Redemption value: Rs. 310,000,000
- Face value per security: Rs. 500,000; issue price per security: Rs. 478,751.50
- Tenure: 180 days, allotted 25th September 2026, redemption 24th March 2027
- Issuing and Paying Agent: Yes Bank Limited
- Listing status: proposed to be listed
What it means for investors
For a lending company, raising short-term money through CPs is a routine part of funding operations. The discount between the issue price and the face value represents the cost of this borrowing over the 180-day period. This is a debt instrument and does not change the equity share capital or shareholding of the company.
Also from Ugro Capital
Allotment of 1,37,000 secured NCDs aggregating INR 137,00,00,000 at 9.75% coupon
30 Sep 2026
More numbers
- Issue value296,825,930
- Redemption value310,000,000
- Face value per security500,000
- Issue price per security478,751.50
- Tenure180 days
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