Announced Wed, 22 Jul · 12:07 IST
Varroc Engineering allots Rs 50 cr Commercial Papers
Fund Raising View source PDF
VARROC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹657.95
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.4-2.3+1.4———————
Up moveDown movePending
AI summary
Varroc Engineering has issued and allotted Commercial Papers worth Rs 50 crores. The issue consists of 1000 units with face value of Rs 5 lakh each, maturing on August 21, 2026 (30-day tenure). Discount rate is 7.20 percent, paid upfront. Issued to Kotak Mahindra Bank. Unsecured. Listing on NSE awaited.
Likely market impact
Short-term debt raise with only 30-day tenure; minimal direct impact on equity shareholders