Announced Thu, 9 Jul · 16:31 IST
Ashoka Buildcon issues Rs 100 Crore Commercial Papers at 7.20%
Fund Raising View source PDF
ASHOKA · price
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Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹127.40
prior close
₹127.26
base price
After-mkt
timing
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+1.1+1.3+0.9+1.5+3.6+0.5+0.4-0.7-2.8-2.3————
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AI summary
Ashoka Buildcon has issued 2,000 Commercial Paper units at Rs 5 lakh each, totalling Rs 100 crore. The CPs carry a coupon of 7.20% with a 90-day tenure maturing on October 7, 2026. They are unsecured, with interest paid upfront and principal on maturity. Proposed to be listed on BSE. Board had earlier approved CP issuance up to Rs 300 crore outstanding at any time.
Likely market impact
Short-term debt raise of 100 Crore; routine working capital funding with minimal impact on equity shareholders.