APL Apollo Tubes Limited — Important, 07-07-2025: Updates

APL Apollo Tubes has issued commercial papers worth Rs 400 Cr in two tranches of Rs 200 Cr each, with tenures of 67 and 77 days at interest rates of 6.10% and 6.14%. The CPs, rated A1+ by ICRA, have been allotted to HSBC Liquid Fund and Nippon India Liquid Fund and will be listed on BSE. This short-term borrowing enhances the company’s liquidity position to support operations or working capital needs.