New Launch21 May 2025, 05:11 pm
Varroc Engineering Ltd Issues Commercial Paper Worth Rs. 50 Crores at 7.5% Discount Rate
AI Summary
Varroc Engineering Limited has issued and allotted Commercial Paper (CP) amounting to Rs. 50 crores. The CP has a face value of Rs. 5,00,000 per security and an issue price of Rs. 4,90,921.5. The CP is proposed to be listed on the National Stock Exchange of India Limited. The issuing banks are Kotak Mahindra Bank Limited and ICICI Bank Limited. The CP has a tenure of 90 days and a discount rate of 7.5%. The company is awaiting the listing approval.
Key Highlights
- Varroc Engineering Ltd issues Commercial Paper worth Rs. 50 crores
- CP has a face value of Rs. 5,00,000 per security and an issue price of Rs. 4,90,921.5
- Proposed to be listed on the National Stock Exchange of India Limited
- Tenure of CP is 90 days with a discount rate of 7.5%
- Issuing banks are Kotak Mahindra Bank Limited and ICICI Bank Limited