Himadri Speciality Chemical Limited has informed the Exchange regarding intimation regarding issuance and allotment of Commercial Paper amounting to Rs 200 Crores
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Himadri Speciality Chemical has raised Rs 200 Crores by issuing and allotting commercial paper (short-term unsecured debt). The company issued 4,000 units at Rs 5 lakh each on June 27, 2025, with a 90-day tenure maturing on September 25, 2025. The discount rate is 6.30% per annum, and the entire issue was allotted to Kotak Mahindra Bank. The commercial paper is unsecured, has no special rights attached, and is listed on BSE. The allotment was approved by the Finance and Management Committee under powers delegated by the Board.
This is routine short-term funding activity and is unlikely to materially affect shareholders. Commercial paper is commonly used for working capital needs, and a 6.30% rate is in line with current market levels for highly rated issuers.