Dhampur Sugar Mills Limited has informed the Exchange regarding 'Issue and allotment of Commercial Paper'.
DHAMPURSUG · price
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Awaiting price reaction for this filing.
Dhampur Sugar Mills has issued and allotted 2,000 Commercial Papers (CPs) with an issue value of ₹98.55 crore and redemption value of ₹100 crore, to be listed on BSE. The CPs carry an interest rate of 6.95% per annum, have a short tenure of 77 days (maturity on 10 October 2025), and are issued in favour of Kotak Mahindra Bank Limited. The instrument carries the highest short-term credit rating of IND A1+ from India Ratings and Research, indicating strong repayment capacity. This is a short-term money market borrowing to meet routine working capital needs.
This is a routine short-term funding move with minimal impact on shareholders. The A1+ rating and placement with a large bank suggest easy access to credit, while the short 77-day tenor means limited interest cost or dilution risk for existing shareholders.