Rs. 50 Crores Commercial Papers Listed on NSE; Redemption Record Date Fixed
Commercial Papers worth Rs. 50 Crores listed on NSE on September 25, 2026.
By ScoutQuest · · 1 min read
- Commercial Paper Amount
- Rs. 50 Crores
- Listing Date
- September 25, 2026
- Discount Rate
- 6.90%
- Tenure
- 90 Days
- Redemption Due Date
- December 23, 2026
What was shared
Varroc Engineering informed the exchanges that its Commercial Papers (CPs) of Rs. 50 Crores have been listed on NSE on September 25, 2026, and disclosed the record date for redemption.
Key details
- Security: Commercial Paper, listed
- Investor: Kotak Mahindra Bank Limited
- Issue size: Rs. 50 Crores, issued September 24, 2026
- Face value per security: 5,00,000/-; issue price Rs. 491,635.5/-
- Number of units: 1000
- Discount rate: 6.90%; tenure 90 Days
- IPA: ICICI Bank Limited
Redemption
Record date is Tuesday, December 22, 2026 and the due date is Wednesday, December 23, 2026, with an amount payable of 50,00,00,000/-.
What it means
Commercial Paper is a short-term borrowing tool companies use for working capital needs. The record date decides who holds the CP for receiving the redemption money. This is a routine debt-market disclosure and relates to the company's short-term funding rather than its equity shareholders.
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More numbers
- Issue size of Commercial PapersRs. 50 Crores
- Face value per security5,00,000/-
- Issue priceRs. 491,635.5/-
- Number of units1000
- Discount rate6.90%
- Tenure of CP90 Days
- Redemption amount payable50,00,00,000/-
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