Ashoka Buildcon Limited has informed the Exchange regarding 'Issuance of Commercial Papers'.
ASHOKA · price
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Awaiting price reaction for this filing.
Ashoka Buildcon Limited has issued Commercial Papers (CPs) worth Rs. 50 Crore on September 24, 2025. The CPs carry a coupon rate of 7.60% with interest paid upfront, have a short tenure of 90 days maturing on December 23, 2025, and are unsecured. They are proposed to be listed on BSE. The Board had earlier approved (on August 11, 2025) issuance of CPs up to Rs. 300 crore outstanding at any point of time, in one or more tranches. The company has confirmed there are no overdue CP payments and no defaults.
This is a routine short-term borrowing of Rs. 50 Crore at a competitive 7.60% rate, well within the Rs. 300 Crore board-approved limit. It is unlikely to have a material impact on the stock price, though it indicates the company is actively using short-term debt instruments for working capital needs.