Issue of Commercial Paper amounted to Rs.100 Crores
MINDACORP · price
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Minda Corporation has issued and allotted Commercial Paper (CP) worth Rs. 100 crores, listed on NSE on October 16, 2025. Each CP has a face value of Rs. 5 lakh and carries a discount rate of 7.00% per annum. The maturity date is March 6, 2026, making it a short-tenure instrument of roughly 4-5 months. The ISIN allocated is INE842C14172. This is a standard short-term money-market borrowing by the company.
This is a routine short-term funding raise for working capital needs and does not dilute equity shareholders. The 7% rate is reasonable for a short-tenure CP, and the repayment in March 2026 is a near-term cash outflow the company must plan for.