Himadri Speciality Chemical Allots ₹150 Cr Commercial Paper

Himadri Speciality Chemical Ltd has announced the issuance and allotment of Commercial Paper (CP) amounting to ₹150 Crore. The Finance and Management Committee of the Board of Directors approved the allotment of 3,000 units of CP, each with a face value of ₹5,00,000/-, aggregating to ₹150 Crore. The instrument has a tenure of 90 days, with a coupon rate of 6.60% per annum, payable upfront. The CP is unsecured, will be listed on BSE Ltd, and is issued in favor of Kotak Mahindra Bank. The maturity date for this issuance is October 7, 2026.