StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action26 Oct 2026, 06:52 pm

AK Capital Allots ₹5 Cr Commercial Papers

AI Summary

AK Capital Services Limited has approved the allotment of 100 Commercial Papers (CPs) with a face value of INR 5,00,000/- each, aggregating to INR 5,00,00,000/- (INR 5 Crores). The CPs are proposed to be listed on BSE Limited, with an issue and allotment date of October 26, 2026, and a redemption date of February 23, 2027. The discount rate is 8.90% p.a., and the issue price per CP is INR 4,85,786/-. The issuing and paying agent is The Federal Bank Limited, and the credit rating is CARE A1+.

Key Highlights

  • Allotment of 100 Commercial Papers approved.
  • Total value of allotment is INR 5 Crores.
  • Commercial Papers to be listed on BSE.
  • Credit rating for CPs is CARE A1+.
  • Redemption date set for February 23, 2027.