Varroc Engineering Limited has informed the Exchange about Listing of Comemrcial Papers and record date
VARROC · price
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Varroc Engineering has listed Commercial Papers (CPs) worth Rs. 50 crores on the NSE on May 22, 2025. The CPs were allotted on May 21, 2025 to a single investor, Kotak Mahindra Bank Limited, at a discount rate of 7.5% with a 90-day tenure. The issue comprises 1,000 units with a face value of Rs. 5 lakh each, priced at Rs. 4,90,921.5 per unit. The CPs will mature on August 19, 2025, with the record date set as August 18, 2025 for the Rs. 50 crore redemption payment. ICICI Bank is acting as the Issuing and Paying Agent.
This is a routine short-term debt instrument (commercial paper) used for working capital needs and has no direct impact on shareholders' equity or stock price. The 7.5% discount rate reflects current short-term money market rates.