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) amounting to ₹100 Crores in favour of Punjab National Bank. The CPs carry an interest rate of 7.05% per annum for a tenure of 91 days, maturing on 13th October 2025. The issue value is ₹98.27 Crores while the redemption value at maturity will be ₹100 Crores. The CPs carry the highest short-term credit rating of IND A1+ from India Ratings and Research, and will be listed on BSE.
This is a routine short-term borrowing move to meet working capital needs. The strong A1+ rating and placement with a public sector bank like PNB indicate easy access to short-term funds at competitive rates, with negligible impact on the stock price.