Issue of Commercial Paper amounted to Rs. 100 Crores
MINDACORP · price
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Minda Corporation Limited has issued and allotted Commercial Paper (CP) aggregating to Rs. 100 crores on October 15, 2025. The CP carries a discount rate of 7.00% per annum with a face value of Rs. 5 lakh per instrument. The maturity/redemption date is March 3, 2026, giving it a tenor of roughly 4.5 months. The instrument has been listed on the National Stock Exchange (NSE) under ISIN INE842C14180.
This is a short-term money-market borrowing and is not dilutive for shareholders. The 7% rate is a standard CP pricing, suggesting routine working-capital or short-term funding needs rather than any financial stress or major capital event.