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Loan & Debt19 Aug 2026, 06:00 pm

Minda Corp Issues ₹100 Cr Commercial Paper

AI Summary

Minda Corporation Limited has announced the issuance and allotment of Commercial Papers (CPs) aggregating to INR 100 crores. The CPs were issued on August 19, 2026, with a redemption date of November 13, 2026. The face value per security is INR 5,00,000/-, and the discount rate is 7.02% per annum. The ISIN for these CPs is INE842C14230. These Commercial Papers have been listed on the National Stock Exchange of India Limited. This issuance is a form of short-term debt financing for the company.

Key Highlights

  • Minda Corporation issued INR 100 Cr in Commercial Papers.
  • Issuance date: August 19, 2026; Redemption date: November 13, 2026.
  • Discount rate stands at 7.02% per annum.
  • CPs listed on the National Stock Exchange of India.