Loan & Debt9 Oct 2026, 05:17 pm
Ashoka Buildcon Issues ₹100 Cr Commercial Papers
AI Summary
Ashoka Buildcon Limited has issued 2,000 units of Commercial Papers (CPs) aggregating ₹100 Crore. The CPs have a face value of ₹5,00,000/- each, with a tenure of 88 days from the date of allotment on October 9, 2026. The maturity date is January 5, 2027. The interest rate offered is 7.20%, payable upfront. These CPs are unsecured. The company's Board had previously approved the issuance of Commercial Papers up to ₹300 crore outstanding at any point in time.
Key Highlights
- Ashoka Buildcon issued ₹100 Crore in Commercial Papers.
- CPs have an 88-day tenure with a 7.20% interest rate.
- The issuance is part of a larger ₹300 Crore CP program.
- CPs are unsecured debt instruments.
Price Impact
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