APL Apollo Tubes Limited has informed the Exchange regarding 'Intimation of Issuance of Commercial Paper Of Rs 100 Crores'.
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APL Apollo Tubes Limited has issued Commercial Papers (CPs) amounting to Rs 100 Crores on February 13, 2026. The CPs carry a rate of 6.25% and have a short tenure of 35 days, maturing on March 20, 2026. The instruments have been issued to Mirae Asset Liquid Fund and carry the highest short-term credit rating of [ICRA] A1+, reflecting strong creditworthiness. The CPs will be listed on BSE Limited.
This is a routine short-term borrowing to meet working capital or immediate funding needs and is unlikely to have any material impact on the stock price. The highest credit rating (A1+) and subscription by a reputed mutual fund signal strong investor confidence in the company's short-term credit quality.