Varroc Engineering Limited has announced the issuance and allotment of Commercial Paper aggregating to ₹50 Crores. The Commercial Paper is proposed to be listed on the National Stock Exchange of India Limited. The issue date is January 28, 2026, with a redemption date of February 27, 2026. The discount rate is set at 7.20%.
Commercial Paper Issuance
Varroc Engineering Limited has issued and allotted Commercial Paper amounting to ₹50 Crores. This issuance is a significant financial activity for the company, indicating its capital management strategies.
Key Details of the Issuance
The Commercial Paper has the following key characteristics:
- Issuer: Varroc Engineering Limited
- Amount:₹50 Crores
- Investor: Kotak Mahindra Bank Limited
- Issue Date:January 28, 2026
- Redemption Date:February 27, 2026
- Face Value per Security:₹5,00,000
- Issue Price:₹4,97,058.57
- Number of Units: 1000
- Discount Rate:7.20%
- ISIN: INE665L14442
- Tenure: 30 Days
- IPA: ICICI Bank Limited
Listing on National Stock Exchange
The issued Commercial Paper is in the process of being listed on the National Stock Exchange of India Limited. This listing is pending final approval.
Source: BSE
