PCBL Chemical Limited has informed the Exchange regarding 'Intimation regarding issuance and allotment of Commercial Paper amounting to Rs. 100 Crores. '.
PCBL · price
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Awaiting price reaction for this filing.
PCBL Chemical Limited has allotted Commercial Papers (CPs) worth Rs. 100 Crores on June 19, 2025, through its Fund Raising Committee-Commercial Paper. The issuance consists of 2,000 units with a face value of Rs. 5,00,000 each, carrying a discount rate of 6.05% per annum with upfront interest payment. The CPs have a short tenure of 90 days, maturing on September 17, 2025, are unsecured, and have been issued to Kotak Mahindra Bank. The CPs are proposed to be listed on BSE.
This is a routine short-term borrowing of Rs. 100 Crores at a competitive rate of 6.05% for 90 days, indicating healthy access to debt markets. Short-term impact on stock price is likely neutral as commercial paper is standard working capital or short-term funding.