Ashoka Buildcon Limited has successfully issued Commercial Papers (CPs) worth ₹100 Crore. The issuance comprises 2,000 units, each valued at ₹5,00,000, with an allotment date of July 21, 2026. The maturity date for these CPs is set for October 19, 2026, carrying a coupon rate of 7.20%. These CPs are unsecured and represent a strategic move to manage working capital and fund operational needs.
Commercial Paper Issuance Details
Ashoka Buildcon Limited has announced the successful issuance of Commercial Papers (CPs) totaling ₹100 Crore. The issuance consists of 2,000 units of CPs, with each unit having a face value of Rs.5,00,000. The allotment of these Commercial Papers took place on July 21, 2026.
Maturity and Interest Rate
The tenure of these Commercial Papers is 90 days from the date of allotment, with a maturity date scheduled for October 19, 2026. The company has offered an upfront interest payment at a coupon rate of 7.20% per annum. The principal amount will be paid on maturity.
Security and Approvals
These Commercial Papers are classified as unsecured, meaning they are not backed by any specific collateral or assets. The Board of Directors at its meeting held on August 11, 2025, had approved the issuance of Commercial Papers up to an amount of Rs.300 crore outstanding at any point in time, in one or more tranches. There are no special rights or privileges attached to these instruments.
Record Date and Payment Schedule
The record date for redemption and payment on maturity for these CPs is set as October 14, 2026. As of the date of this communication, there are no Commercial Papers due for repayment.
Source: BSE
