5Paisa Capital Limited has informed the Exchange regarding 'Allotment of Commercial Paper(s)'.
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5Paisa Capital has allotted 200 Commercial Paper units with a total face value of ₹10 Crores. Each CP has a face value of ₹5 lakh and was issued at a discounted price of ₹4,77,630.5, reflecting a discount rate of 9.12% per annum. The paper is unlisted, carries the top short-term credit rating of CRISIL A1+, and is set to mature on December 30, 2025 (roughly 6 months). ICICI Bank is acting as the issuing and paying agent. This CP issuance falls within the company's overall borrowing limit of ₹2,500 Crores approved by shareholders in August 2023.
This is a routine short-term borrowing of ₹10 Crores to meet working capital needs, with no immediate material impact on shareholders. The strong A1+ credit rating suggests easy access to short-term funds at a reasonable cost, indicating healthy financial standing.