Varroc Engineering Limited has informed the Exchange about Listing of CPs & Record Date
VARROC · price
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Awaiting price reaction for this filing.
Varroc Engineering has listed Commercial Papers (CPs) worth Rs. 50 Crores on the NSE on August 25, 2025. The CPs were issued on August 22, 2025, to Kotak Mahindra Bank Limited, with a 90-day tenure maturing on November 20, 2025. The issue carries a discount rate of 6.90%, consists of 1,000 units with a face value of Rs. 5,00,000 each, and was issued at Rs. 4,91,635.5 per unit. ICICI Bank is the Issuing and Paying Agent (IPA). The record date for the redemption payment of Rs. 50 Crores has been set as November 19, 2025.
This is a routine short-term borrowing of Rs. 50 Crores via commercial paper at a competitive 6.90% discount rate. It has no material impact on shareholders as the instrument is short-tenured (90 days) and is being serviced well ahead of maturity.