Chalet Hotels Limited has successfully completed the private placement of Commercial Paper, raising ₹150 crore. The issuance consists of 3,000 units, with a face value of ₹5,00,000 each, issued at a discount. The instrument carries a fixed coupon rate of 6.75% and is set to mature on July 31, 2026. This unsecured debt offering will be listed on the Wholesale Debt Market (WDM) segment of the BSE.
Issuance Details
On May 4, 2026, the Finance Committee of Chalet Hotels Limited approved the allotment of 3,000 unsecured Commercial Papers. The total issue size is ₹150 crore, with the securities issued at a discounted price totaling ₹147,59,80,500. Each individual paper has a face value of ₹5,00,000.
Terms and Maturity
The Commercial Papers carry a fixed coupon rate of 6.75%. The tenure is short-term, with the date of allotment marked as May 4, 2026, and a scheduled maturity date of July 31, 2026, at which point the redemption at par will occur. The issuance has been rated CRISIL A1+ by CRISIL Ratings Limited, indicating a strong degree of safety for timely payment of financial obligations.
Listing and Security
The company has confirmed that the Commercial Papers are unsecured and do not carry any special rights or privileges. Furthermore, the company plans to list these securities on the Wholesale Debt Market (WDM) segment of the BSE Limited to provide liquidity and transparency for investors.
Source: BSE
