Chalet Hotels Limited has informed the Exchange regarding allotment of 3000 securities pursuant to Other at its meeting held on May 04, 2026
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Chalet Hotels Limited has allotted 3,000 Commercial Papers (CPs) worth Rs.150 crore on a private placement basis. Each CP has a face value of Rs.5 lakh, issued at a discount of approximately Rs.2.40 crore, resulting in issue proceeds of Rs.147.60 crore. The CPs carry a fixed coupon rate of 6.75% and will mature on July 31, 2026 (approximately 88-day tenure). The issue is rated CRISIL A1+, indicating highest short-term credit safety, and will be listed on the Wholesale Debt Market segment of BSE Limited. The CPs are unsecured in nature.
The company has raised Rs.150 crore through short-term commercial paper to meet working capital requirements. The A1+ rating reflects strong creditworthiness, which could support investor confidence. This is a routine debt-raising exercise and not directly dilutive to equity shareholders.