Loan & Debt11 Sept 2026, 04:13 pm
Minda Corp Issues ₹100 Cr Commercial Paper
AI Summary
Minda Corporation Limited has successfully issued and allotted Commercial Papers (CPs) totaling INR 100 crores. The issuance, with a face value of INR 5,00,000 per security, carries a discount rate of 6.4% per annum. The CPs were issued on September 11, 2026, and are set to mature on December 9, 2026. This move provides the company with short-term funding. The Commercial Paper has been listed on the National Stock Exchange of India Limited.
Key Highlights
- Minda Corp raised INR 100 crores via Commercial Paper issuance.
- CPs have a maturity date of December 9, 2026.
- The discount rate for the issuance was 6.4% p.a.
- Commercial Paper listed on NSE India.
- Short-term funding secured by the company.
Price Impact
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