Loan & Debt28 Sept 2026, 09:46 am
Varroc Engineering Lists ₹50 Cr Commercial Paper on NSE
AI Summary
Varroc Engineering Ltd has announced the listing of its Commercial Papers (CPs) worth ₹50 Crores on the National Stock Exchange of India Limited on September 25, 2026. The record date for payment of interest and principal obligations for these CPs has been set. The CPs have a face value of ₹5,00,000/- each, with an issue price of ₹491,635.5/-. The issue has a tenure of 90 days, with redemption due on December 23, 2026. Kotak Mahindra Bank Limited is the investor, and ICICI Bank Limited is the IPA.
Key Highlights
- Varroc Engineering lists ₹50 Cr Commercial Paper on NSE.
- Record date set for interest and principal payment.
- CPs have a 90-day tenure with redemption on Dec 23, 2026.
- Kotak Mahindra Bank is the investor for this issuance.
Price Impact
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