Loan & Debt15 Oct 2026, 06:41 pm
AK Capital Services Approves ₹25 Cr Commercial Paper Allotment
AI Summary
AK Capital Services Limited's Banking and Investment Committee has approved the allotment of 500 Commercial Papers (CPs) with a face value of INR 5,00,000/- each, totaling INR 25,00,00,000/- (INR 25 Crore). The CPs are set to be listed on BSE Limited and were issued and allotted on October 15, 2026, with a redemption date of February 18, 2027. The discount rate is 9.00% p.a., and the issue price per CP is INR 4,84,934/-. The issuing and paying agent is The Federal Bank Limited, and the credit rating is CARE A1+.
Key Highlights
- Allotment of Commercial Papers worth ₹25 Crore approved.
- CPs to be listed on BSE Limited.
- Redemption date set for February 18, 2027.
- Credit rating of CARE A1+ assigned.
- Issue price per CP is ₹4,84,934.
Price Impact
More from AKCAPIT