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Samvardhana Motherson Issues Rs 200 Crore Commercial Paper
Samvardhana Motherson lists 83-day unsecured short-term debt instrument to Kotak Mahindra Bank.
By Dev Vadchhedia
8061 Views
Samvardhana Motherson announced that it has issued commercial paper aggregating Rs 200 crore to Kotak Mahindra Bank to support its short-term funding requirements.
The issuance comprises 4,000 units of unsecured commercial paper carrying a face value of Rs 5,00,000 each. Placed at an annual interest rate of 6.25%, the paper carries a tenure of 83 days, with interest charged upfront and principal redemption scheduled upon maturity on December 22, 2026.
The short-term debt instrument secured listing approval on the BSE, following allotment on September 30, 2026, the company stated in a regulatory filing submitted to the stock exchanges.
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