Minda Industries raises Rs50cr through allotment of commercial papers

Minda Industries Q4 net profit up 8-fold at Rs163.84cr on higher sales and inventory efficiency gains.

Jun 18, 2021 01:06 IST India Infoline News Service

Minda Industries
Minda Industries Limited has informed the exchange regarding issue of commercial paper.

The Company has issued the Commercial Paper of Rs50cr with allotment date 17th June, 2021 and due for maturity on 11th August, 2021.

According to the company, "This is in line with the management efforts to bring down the finance cost", said in a regulatory filing.

Recently, Minda Industries Q4 net profit up 8-fold at Rs163.84cr on higher sales and inventory efficiency gains.

At around 1:40 PM, Minda Industries was trading at Rs637.85 per piece down by Rs6.3 or 0.98%.

Previously the scrip was closed at Rs644.15 per piece on the BSE.


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