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PNB Gilts allots commercial papers worth Rs200cr; Stock slips 1%

The fundraising is part of a total Rs1000cr CP Programme approved by the board last year.

November 29, 2021 11:50 IST | India Infoline News Service
PNB Gilts
PNB Gilts Limited has allotted Commercial Papers for an amount of Rs200cr on November 26, 2021. The tenure of the instrument is 32 days and the date of maturity is December 28, 2021.

The coupon rate offered is 3.82%.

The company’s board on April 30, 2020, had approved the proposal for raising of funds by way of issuance of Commercial Paper(s) (CPs) for an amount not exceeding Rs1000cr, in one or more tranches.

“The aggregate amount of commercial paper (including this issue) outstanding as on date is Rs200cr,” the company said in a filing on Friday. 

At around 11.52 am, PNB Gilts Ltd was trading at Rs64.60 per piece down by Rs0.7 or 1.07% from its previous closing of Rs65.30 per piece on the BSE.

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PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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