Chalet Hotels has approved the allotment of commercial paper (CPs) aggregating to ₹100 crore on a private placement basis. The Finance Committee approved the issuance of 2,000 listed, rated, taxable, and transferable CPs. The issuance, rated CRISIL A1+, aims to bolster the company’s financial flexibility and support its ongoing operational requirements. The CPs are proposed to be listed on the Wholesale Debt Market segment of the BSE.
Commercial Paper Allotment
Chalet Hotels has announced the allotment of Commercial Paper (CPs) amounting to ₹100 crore through private placement. The decision was made by the Finance Committee on December 17, 2025, in line with the Board Meeting outcome of May 12, 2025, related to the issuance of Commercial Paper.
Key Details of the Issuance
The company approved the allotment of 2,000 Listed, Rated, Taxable, Transferable Commercial Papers. Each CP has a Face Value of ₹5,00,000, issued at a discount, amounting to ₹98,47,03,000. The issuance carries a rating of CRISIL A1+ by CRISIL Ratings Limited.
Listing and Redemption
The aforesaid CPs are proposed to be listed on the Wholesale Debt Market (WDM) segment of BSE Limited. The CPs have a fixed coupon rate of 6.30%, with the redemption date set for March 17, 2026.
Additional Information
The CPs are unsecured, and there are no special rights, interests, or privileges attached to the instrument. The allotment date is December 17, 2025, and the maturity date is March 17, 2026. The issue size is ₹100 crore, and it is intended to be listed on the Wholesale Debt Market (WDM) segment of BSE Limited.
Source: BSE