NLC India allots Commercial Papers aggregating to Rs500cr; Stocks gains 3%

The company allotted 10,000 Commercial Papers of Rs5 lakh each on Wednesday.

Sep 16, 2021 01:09 IST India Infoline News Service

NLC India Limited has allotted 10,000 Commercial Papers of Rs5 lakh each aggregating to Rs500cr on September 15.

The company also informed in a separate filing on Wednesday that the payment of the principal amount of Rs500cr has been made on September 15, 2021, with respect to Commercial Paper (ISIN No INE589A14322) as per terms and conditions of the issue.

At around 1.22 pm, NLC India Ltd was trading at Rs57.45 per piece up by Rs1.65 or 2.96% from its previous closing of Rs55.80 per piece on the BSE.

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