Shriram Pistons raises Rs 1,000 crore via commercial paper
SHRIPISTON · price
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On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.7 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shriram Pistons and Rings issued and allotted commercial papers worth Rs 1,000 crore on a private placement basis on Dec 24, 2025. The paper has a 62 day tenor maturing on Feb 24, 2026, with a discount rate of 6.37 percent and yield of 6.44 percent. Face value is Rs 5 lakh per unit. The papers will be listed on NSE and Axis Bank is the issuing and paying agent.
Short term working capital raise at market rates; routine treasury activity with no major impact on equity shareholders.