APLAPOLLONSEAPL Apollo Tubes Limited· Steel And Steel ProductsMediumNeutral
Announced Tue, 21 Apr · 14:37 IST

APL Apollo Tubes Limited has informed the Exchange regarding ' Intimation of Issuance of Commercial Paper Of Rs 200 Crores.'.

Fund Raising View source PDF

APLAPOLLO · price

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Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹2139.00
prior close
₹2106.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary

APL Apollo Tubes has issued a Commercial Paper (CP) worth Rs 200 Crores on April 21, 2026, maturing on June 15, 2026 (55-day tenure). The CP carries an interest rate of 6.12% and has been allotted entirely to UTI Liquid Fund. It holds the highest short-term credit rating of [ICRA] A1+ and will be listed on BSE. Commercial Papers are short-term unsecured money market instruments typically used to meet working capital or short-term funding needs.

Likely market impact

This is a routine short-term borrowing for liquidity/working capital purposes and is unlikely to materially impact the stock price. The short 55-day maturity, reasonable rate, and top-tier credit rating indicate healthy financial standing.