Jubilant Ingrevia board raises Rs100 crore via commercial papers

13 Oct 2022 , 11:37 AM

Jubilant Ingrevia Limited has announced that the Company has issued Commercial Papers (‘CPs’) of Rs100 crore on October 12, 2022.

According to the filing, tenure of the issue is 49 days where date of allotment is Wedensday, October 12, 2022 and date of maturity is November 30, 2022.

Further, the Finance Committee, at its meeting held on February 6, 2021, approved issuance of Commercial Papers up to an amount of Rs450 crore outstanding at any point of time, in one or more tranches.

The aggregate amount of Commercial Papers (including this issue) outstanding as on date is Rs150 crore.

At around 11:40 AM, Jubilant Ingrevia was trading at Rs536.90 per share lower by 2.25% on the BSE.

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