Varroc Engineering Lists ₹50 Crore Commercial Papers, Sets Record Date Jan 23
Varroc Engineering Limited has announced the listing of its Commercial Papers (CPs) worth ₹50 Crore on the National Stock Exchange of India Limited, effective January 02, 2026. The company has also se...
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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 update regarding the listing and record date for commercial papers, with no significant positive or negative financial implications detailed.
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Varroc Engineering Lists ₹50 Crore Commercial Papers, Sets Record Date Jan 23
January 2, 2026, 10:56 AM
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Varroc Engineering Limited has announced the listing of its Commercial Papers (CPs) worth ₹50 Crore on the National Stock Exchange of India Limited, effective January 02, 2026. The company has also set January 23, 2026, as the record date for the payment of principal obligations related to these CPs.
The Commercial Papers, issued on January 01, 2026, have a face value of ₹5,00,000/- each, with an issue price of ₹4,97,625/-. The total size of the issue is ₹50 Crore, comprising 1000 units. The CPs have a tenure of 26 days and a discount rate of 6.70%.
The redemption date for these CPs is scheduled for January 27, 2026, with the amount payable being ₹50,00,00,000. The investor for this issue is Kotak Mahindra Bank Limited, and ICICI Bank Limited is acting as the IPA. The ISIN for these CPs is INE665L14434.
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