Ashoka Buildcon Issues ₹100 Cr Commercial Papers

Ashoka Buildcon Limited has successfully issued 2,000 units of Commercial Papers (CPs) with a face value of Rs. 5,00,000/- each, aggregating to Rs. 100 Crore. The CPs have a tenure of 90 days, with an allotment date of July 21, 2026, and a maturity date of October 19, 2026. The coupon rate offered is 7.20%, with interest paid upfront and principal due on maturity. These CPs are unsecured and do not carry any special rights. The company's Board had previously approved the issuance of Commercial Papers up to Rs. 300 crore outstanding at any point.