Himadri Speciality Chemical Raises ₹150 Cr via Commercial Paper

Himadri Speciality Chemical Ltd has announced the issuance and allotment of Commercial Papers (CPs) amounting to ₹150 Crores. 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 80 days, with a maturity date of December 28, 2026. The coupon/interest rate offered is 6.60% per annum, payable upfront. The CPs are unsecured and will be listed on BSE Ltd. They have been issued in favor of Kotak Mahindra Bank.