Varroc Engineering Completes Rs 50 Crore Commercial Paper Issue, Announces Listing Details
Varroc Engineering Limited has successfully listed its Corporate Papers (CPs) on the National Stock Exchange of India Limited following the issuance of commercial paper worth Rs 50 Crores. The listing occurred on July 23, 2026, pertaining to a debt instrument whose repayment is scheduled for August 2026.The Commercial Paper details its tenure and terms regarding the placement and repayment obligations. Key elements of this financial transaction include the designated investor, the issue pricing structure, and the duration of the security.
Details of the commercial paper issued are presented below:
| Description of the security | Detail |
|---|---|
| Listed/unlisted | Listed |
| Name of Investor | Kotak Mahindra Bank Limited |
| Size of the issue | Rs. 50 Crores |
| Date of Issue | July 22, 2026 |
| Date of Redemption | August 21, 2026 |
| Face Value per security | Rs. 5,00,000/- |
| Issue Price | Rs. 4,97,058.5/- |
| No of Units | 1000 |
| Discount Rate | 7.20% |
| ISIN | INE665L14459 |
| Tenure of CP | 30 Days |
| Name of IPA | ICICI Bank Limited |
The redemption and interest payment obligations for the CPs are structured around specific dates. The record date set for the purpose of paying the interest and principal obligations is Thursday, August 20, 2026. The corresponding due date for redemption stands as Friday, August 21, 2026.
Cash flow events related to the security include:
| Cash Flows Event | Record Date | Due Date | Amount Payable (In Rs.) |
|---|---|---|---|
| Redemption | Thursday, August 20, 2026 | Friday, August 21, 2026 | 50,00,00,000 |
VARROC Stock Price Movement
Shares of Varroc Engineering Limited closed today, shedding 1.13% to settle at ₹641.80 in post-market trading. The equity experienced an intraday range between a low of ₹637.6 and a high of ₹653.35.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.