Varroc Engineering Issues Commercial Paper Worth ₹50 Crore
Varroc Engineering Limited has announced the issuance and allotment of Commercial Paper (CP) aggregating to ₹50 crores. The Commercial Paper is proposed to be listed on the National Stock Exchange of ...
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Why is Varroc Engineering Limited in the news today?
Varroc Engineering Limited (VARROC) is in the news due to the announcement is a routine debt fundraising activity and does not contain any significant positive or negative financial performance indicators or strategic shifts.
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Varroc Engineering Issues Commercial Paper Worth ₹50 Crore
January 1, 2026, 09:52 AM
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Varroc Engineering Limited has announced the issuance and allotment of Commercial Paper (CP) aggregating to ₹50 crores. The Commercial Paper is proposed to be listed on the National Stock Exchange of India Limited, and the company is awaiting listing approval.
The issuance took place on January 01, 2026, with a face value of ₹5,00,000 per security and an issue price of ₹4,97,625. The total number of units issued is 1000, with a discount rate of 6.70% and a tenure of 26 days. The Commercial Paper is scheduled for redemption on January 27, 2026. The investor in this issuance is Kotak Mahindra Bank Limited, and ICICI Bank Limited is acting as the Issuing and Paying Agent (IPA).
The company is in the process of listing these Commercial Papers on the NSE.
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