Comments
Hindustan Aeronautics on Wednesday placed commercial papers worth ₹2,000 crore in favour of SBI Mutual Fund. While it priced the issue at ₹99.0693/share, the maturity date is September 15, 2020, and the discount rate is 3.81 per cent.
The CP is a part of fund based limit of ₹10,000 crore as approved by the board in its meeting held on January 21, 2020. “The competent uthority has granted its approval for enhancement of working capital limit to ₹12,050 from ₹7,300 crore including issuance of commercial papers of maximum of ₹5,000 crore, as sanctioned by SBI and other consortium banks,” HAL had then said. Shares of Hindustan Aeronautics closed flat at ₹706.9 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.