Brigade Enterprises has announced the issuance of Commercial Papers (CP) totaling ₹200 Crores. These CPs have a face value of ₹100/- each and are not proposed to be listed on any stock exchange. With a tenure of 90 days, they were allotted on December 18, 2025, and are set to mature on March 18, 2026. The discounting rate stands at 6.83%, with Kotak Mahindra Bank Limited acting as the issuer, and holding a credit rating of A1+.
Commercial Paper Issuance
Brigade Enterprises has successfully issued Commercial Papers amounting to ₹200 Crores. The security is identified by the ISIN INE791I14012.
Key Terms and Dates
The Commercial Papers have a tenure of 90 days and were officially allotted on December 18, 2025. They are scheduled to mature on March 18, 2026, ensuring a relatively short-term investment for the involved parties. The discounting rate for these CPs is set at 6.83%, which will be paid at the time of maturity.
Issuer & Credit Rating
These Commercial Papers are issued in favor of Kotak Mahindra Bank Limited and carry a credit rating of A1+, signifying a high degree of safety regarding timely payment of financial obligations.
Source: BSE
