Dhampur Sugar Mills Limited — Important, 06-12-2024: Updates

Dhampur Sugar Mills has completed the issuance and allotment of Commercial Paper (CP) valued at ₹50 Crore. The CP comprises 1000 units, with an interest rate of 7.60% and a maturity date set for 06-03-2025, marking a tenure of 90 days. This CP is issued to Kotak Mahindra Bank Limited and is expected to contribute positively to the company’s liquidity management. The issuance has received a strong credit rating of IND A1+ from India Ratings and Research, reflecting robust financial health. Investors should view this as a favorable move, enhancing the company's operational flexibility and stability.