The Banking and Investment Committee of the Company, approved the allotment of 100 units of Commercial Papers of face value of INR 5,00,000/- each, aggregating to INR 5,00,00,000/- (Indian ....
AKCAPIT · price
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Awaiting price reaction for this filing.
A. K. Capital Services has raised INR 5 crores through the allotment of 100 Commercial Paper units, each with a face value of INR 5 lakh. The CPs carry a discount rate of 9.00% per annum, were issued on March 24, 2026 and allotted on March 25, 2026, with a redemption date of October 15, 2026 (roughly a 7-month tenor). The issue carries the highest short-term credit rating of CARE A1+ from CARE Ratings, will be listed on BSE, and The Federal Bank Limited is acting as the Issuing and Paying Agent.
This is a routine short-term debt raise for the NBFC's working capital needs and carries no equity dilution for shareholders. The top-tier CARE A1+ rating reflects strong credit quality, though the 9% discount rate indicates a fairly standard short-term borrowing cost.