Varroc Engineering Limited — QIP/Rights/Pref., 28-11-2024: Allotment of Securities

Varroc Engineering Limited has issued and allotted Commercial Paper worth Rs. 50 Crores, listed on the National Stock Exchange. The issue consists of 1,000 units, each with a face value of Rs. 5,00,000 and priced at Rs. 4,90,565. The debt instrument has a tenure of 90 days and is set to mature on February 25, 2025, with a discount rate of 7.8%. Kotak Mahindra Bank Limited is the investor in this allotment, facilitated by ICICI Bank Limited as the Issuing and Paying Agent.