Persistent Systems has announced the allotment of 12,000 Commercial Papers (CPs) with a face value of INR 500,000 each, aggregating to a total of INR 6 billion. The allotment took place on November 5, 2026, with a maturity date of November 5, 2027. This move signifies the company’s active management of its short-term financing needs.
Commercial Paper Allotment Details
Persistent Systems Limited has informed exchanges about the successful allotment of Commercial Papers (CPs). This issuance follows a previous intimation and is in compliance with SEBI regulations. The company has allotted a total of 12,000 Commercial Papers, each with a face value of INR 500,000, bringing the aggregate value of this allotment to INR 6 billion.
The allotment was executed on November 5, 2026. The details of this issuance are as follows:
- Description of the security: Commercial papers
- ISIN: INE262H14016
- Size of the issue: INR 6.00 billion
- Value per security: INR 500,000 each
- Issue price per security: INR 459,770 each
- Tenure of the instrument: 1 Year
- Date of Allotment: November 5, 2026
- Date of Maturity: November 5, 2027
- Yield Rate: 8.75%
- Discount Rate: 8.75%
- Name of Issuing and Paying Agent: ICICI Bank Limited
The company confirmed that there are no special rights, interests, privileges attached to the instrument, and no charges or security have been created. Furthermore, there are no pending delays in interest or principal payments, and no specific comments or letter exchanges regarding payment status have been noted.
Source: BSE
