NLC India issues commercial paper worth Rs500cr; Stock under pressure

The company said that 10k numbers of Commercial Paper of a face value of Rs5 lakh each were issued on June 17, 2021.

Jun 18, 2021 10:06 IST India Infoline News Service

NLC India Limited informed the exchanges Thursday that 10,000 numbers of Commercial Paper of a face value of Rs5 lakh each, aggregating to Rs500cr have been issued and allotted on June 17, 2021. 

The company also has made payment of the principal amount of Rs500cr on June 17, 2021 with respect to Commercial Paper, the company said in a separate filing.

At around 10.18 AM, NLC India Ltd was trading at Rs61.15 per piece down by Rs1.05 or 1.69% from its previous closing of Rs62.20 per piece on the BSE.

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