Samvardhana Motherson Issues INR 200 Crores Commercial Papers to Kotak Mahindra Bank Limited
Samvardhana Motherson International Limited has issued Commercial Papers (CP) valued at INR 2,00,00,00,000, securing financing from Kotak Mahindra Bank Limited. The transaction involves the issuance of 4,000 commercial papers, each having a face value of Rs. 5,00,000.The CP was allotted on July 9, 2026, with a tenure set at 78 days. The maturity date for the commercial paper is scheduled for September 25, 2026. The interest rate attached to the instrument stands at 6.25%.
Key terms of the financing agreement are structured as follows:
| Detail | Information |
|---|---|
| Issue Size | INR 2,00,00,00,000/- |
| Investor | Kotak Mahindra Bank Limited |
| Interest Rate | 6.25% |
| Tenure | 78 days |
| Date of Issue/Allotment | 9-07-2026 |
| Date of Maturity | 25-09-2026 |
| Security/Charge | Unsecured |
Interest payment on the commercial paper is handled upfront, with the full principal amount due for payment on maturity. The ISIN assigned to the Commercial Paper is INE775A14830.
Samvardhana Motherson International Limited confirmed that there are no special rights attached to the instrument.
MOTHERSON Stock Price Movement
Today, Samvardhana Motherson International Limited shares edged higher, settling at ₹143.19 after gaining 0.35%. The equity saw a brisk trading session, with over 8.17 million shares transacted during 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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