Ashoka Buildcon Limited confirmed the successful redemption of its Commercial Papers (CPs) totaling ₹50 Crore. The full redemption, including accrued interest of ₹49.11 Lakh, was executed on the scheduled due date, March 30, 2026. This action was applied to the instruments identified by ISIN INE442H14519, signaling the maturity event for this debt tranche.
Confirmation of Commercial Paper Redemption
Ashoka Buildcon Limited has formally notified exchanges regarding the completion of its obligation concerning certain Commercial Papers (CPs). The company confirmed that the entire redemption amount of Rs. 50 Crore, along with the associated interest, was paid on the due date, which was March 30, 2026.
Details of Interest and Redemption Payment
The instruments subject to this payment carry the ISIN INE442H14519. The initial issue size was Rs. 50 Crore. The calculation confirmed that the interest component amounted to Rs. 49.11 Lakh. Since these CPs were issued at a discount to face value, the interest represents the difference between the issue price and the face value.
The frequency of the interest payment was scheduled for the Maturity date. The final due date for the interest payment and the actual payment date were both recorded as March 30, 2026. Consequently, the actual date for the redemption payment also fell on March 30, 2026, matching the maturity due date.
Nature of Redemption
The transaction was classified as a Full redemption, based on the Face Value Redemption method. The reason cited for this maturity-based event was Maturity. Following the payment, the outstanding amount under this ISIN is now recorded as Nil. A total of 1,000 CPs were redeemed as part of this process.
Source: BSE
