UNO Minda Ltd Issues ₹100 Cr Commercial Papers

UNO Minda Limited has successfully issued and allotted Commercial Papers (CPs) worth INR 100 Crore on September 25, 2026. The unsecured CPs have a maturity date of December 24, 2026, with a tenor of 90 days. The issuance was done via private placement and is listed on the National Stock Exchange of India Limited. The credit rating for these CPs is IND A1+, indicating a strong credit quality. The face value per security is INR 5,00,000, with an issue price of INR 4,92,351.50, reflecting a coupon/interest rate of 6.30%. The investor in this issuance is Kotak Mahindra Bank.