The Banking & 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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A.K. Capital Services Limited has allotted 100 Commercial Papers (CPs) with a face value of INR 5,00,000 each, raising INR 5 Crores in total. The CPs were issued and allotted on February 11, 2026, and are set to be redeemed on August 20, 2026, giving them a tenor of roughly six months. The discount rate is 8.55% per annum, with an issue price of INR 4,78,695 per unit, and they have been listed on BSE with the highest short-term credit rating of CARE A1+. The Federal Bank Limited is acting as the issuing and paying agent for this short-term borrowing.
This is a routine short-term fundraising exercise at a competitive rate backed by the top-tier A1+ credit rating, suggesting strong creditworthiness with no material impact expected on shareholders or the stock price.