Afcons Infrastructure Limited has informed the Exchange about issue of Securities - Commercial Papers
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Awaiting price reaction for this filing.
Afcons Infrastructure Limited has issued Commercial Papers (CPs) worth Rs. 55 Crores on a private placement basis on July 11, 2025. The CPs carry a coupon rate of 8.00% with upfront interest payment and have a short tenure of 91 days, maturing on October 10, 2025. The instrument is unsecured and has been allotted to two cooperative banks — Maharashtra State Co-Operative Bank (Rs. 50 Cr) and Vishweshwar Sahakari Bank (Rs. 5 Cr). The CPs carry the highest short-term credit rating of CRISIL A1+ and are proposed to be listed on NSE.
This is a routine short-term borrowing to meet working capital needs. The CRISIL A1+ rating and 8% rate reflect strong creditworthiness. Minimal impact on shareholders as the amount is small and the tenure is short.