
Loan & Debt15 Apr 2026, 08:51 pm
AK Capital Services to issue ₹14 Cr Commercial Papers at 9.15%
AI Summary
AK Capital Services Ltd's Banking and Investment Committee has approved the issuance and allotment of 280 units of Commercial Papers (CPs), aggregating to ₹14,00,00,000. Each CP has a face value of ₹5,00,000 and an issue price of ₹4,61,904.50. The CPs will be listed on BSE Limited, issued on April 10, 2026, and are set for redemption on March 05, 2027, at a discount rate of 9.15% per annum. The instrument carries a credit rating of CARE A1+.
Key Highlights
- AK Capital Services to issue Commercial Papers worth ₹14 Crores.
- The CPs will be issued at a discount rate of 9.15% per annum.
- Issue date is April 10, 2026, with redemption on March 05, 2027.
- The Commercial Papers have received a credit rating of CARE A1+.
Price Impact
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