Minda Corporation Limited has announced the issuance and allotment of Commercial Paper totaling INR 100 crores. This move is part of the company’s ongoing financing strategy. The Commercial Paper has a maturity date of December 9, 2026, with a face value of INR 5,00,000 per security and a discount rate of 6.4% p.a. The security is listed on the National Stock Exchange of India.
Commercial Paper Issuance
Minda Corporation Limited has successfully issued and allotted Commercial Paper aggregating to a significant amount of INR 100 crores. This financial instrument is designed to provide short-term funding for the company’s operational needs.
Key Details of the Issuance
- Type of Security: Commercial Paper
- Size of the Issue: INR 100 crores
- Date of Issue: 11-09-2026
- Date of Redemption: 09-12-2026
- Face Value per Security: INR 5,00,000/-
- Discount Rate: 6.4% p.a.
- ISIN: INE842C14248
The aforementioned Commercial Paper has been listed on the National Stock Exchange of India, effective from September 11, 2026.
Source: BSE
