Afcons Infrastructure Limited has informed the Exchange about issue of Securities
AFCONS · price
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Awaiting price reaction for this filing.
Afcons Infrastructure has issued commercial papers (CPs) worth Rs. 25 crores on a private placement basis on August 13, 2025. The CPs carry a coupon of 7.80% per annum, have a short tenure of 91 days, and will mature on November 12, 2025. The instrument is unsecured, carries the highest short-term credit rating of Crisil A1+, and has been issued in favor of The Maharashtra State Co-Operative Bank Ltd. Interest is payable upfront while the principal will be repaid on maturity. The CPs are proposed to be listed on NSE.
This is a routine short-term money market borrowing likely for working capital needs. The size is relatively small at Rs. 25 crores and the 7.80% rate is in line with current short-term rates, so there is no material impact on shareholders or the stock price.