Belrise Industries Limited Issues Commercial Paper for Rs. 100 Crores
Belrise Industries Limited announced the issuance of commercial paper totaling Rs. 100 crores through a private placement on March 20, 2026. The placement follows an earlier intimation dated January 31, 2026.The commercial paper has a tenure of 12 months, maturing on March 20, 2027. It carries an interest rate of 8% per annum, payable in a bullet payment at maturity. The paper was issued to Karur Vysya Bank Limited and is unsecured. Crisil has assigned a credit rating of Crisil A1+ to the commercial paper.
Details of the issuance are summarized below:
| Particulars | Details |
|---|---|
| Issue Size | Rs. 100 Crores |
| Listing | Not Listed |
| Tenure | 12 Months |
| Allotment Date | 20/03/2026 |
| Maturity Date | 20/03/2027 |
| Coupon/ Interest | 8% p.a. |
| Payment Schedule | Bullet |
| Security | None |
| Issued to | Karur Vysya Bank Limited |
| Credit Rating | Crisil A1+ |
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