Loan & Debt15 Sept 2026, 02:59 pm
Birla Corporation Ltd Issues ₹50 Cr Commercial Paper
AI Summary
Birla Corporation Ltd has announced the issuance and allotment of Commercial Paper (CP) worth ₹50 crore. The CP has a tenure of 90 days and a coupon rate of 6.50% per annum, payable upfront. The instrument is proposed to be listed on BSE Limited. The allotment date was September 15, 2026, with a maturity date of December 14, 2026. This move indicates the company's utilization of short-term debt instruments for its funding needs.
Key Highlights
- Company issued Commercial Paper worth ₹50 crore.
- CP has a 90-day tenure and 6.50% p.a. interest rate.
- Instrument is proposed to be listed on BSE Limited.
- Allotment date: 15/09/2026, Maturity date: 14/12/2026.
Price Impact
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