StockWatch
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Explosives
Loan & Debt19 Jun 2026, 06:01 pm

Solar Industries India Ltd Issues ₹75 Cr Commercial Paper at 6.93%

AI Summary

Solar Industries India Limited has announced the issuance of Commercial Paper (CP) amounting to ₹75 crores. The CP was allotted on June 19, 2026, with a tenure of 90 days, maturing on September 17, 2026. The instrument offers an interest rate of 6.9300%, payable upfront. The principal amount will be paid upon maturity. This short-term debt instrument is proposed to be listed on BSE Limited and does not have any specific charge or security created over the company's assets, nor does it carry any special rights or privileges.

Key Highlights

  • Solar Industries issued Commercial Paper worth ₹75 crores.
  • The instrument has a 90-day tenure, maturing on September 17, 2026.
  • The Commercial Paper offers an interest rate of 6.9300%.
  • It is proposed to be listed on BSE Limited.
  • The issuance is for short-term financing needs.