APL Apollo Tubes Issues Commercial Paper Worth Rs 100 Crore to Kotak Mahindra Bank Ltd
APL Apollo Tubes Limited announced the issuance of Commercial Paper (CP) valued at Rs 100 Crore. The CP was issued in favour of Kotak Mahindra Bank Ltd.The financial details of the Commercial Paper issuance confirm a fixed rate and specific timelines for the security.
According to the details released, the Commercial Paper has a maturity period of 64 days. The allotment date for the security is April 22, 2026, and the maturity date is set for June 25, 2026.
The key parameters of the Commercial Paper are summarized below:
| Detail | Specification |
|---|---|
| Total Amount | Rs. 100 Crore |
| Rate | 6.15% |
| Tenure of the security | 64 Days |
| Issued in favour of | Kotak Mahindra Bank Ltd |
| Allotment Date | 22/04/2026 |
| Maturity Date | 25/06/2026 |
| ISIN | INE702C14CY8 |
| Credit Rating | [ICRA] A1+ |
APLAPOLLO Stock Price Movement
Shares of APL Apollo Tubes Limited are edging higher to ₹2121.5 as of 12:13 PM, rallying 0.71% in live trading. The positive momentum is evident in the market, with 132,528 shares traded so far in the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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