Afcons Infrastructure Limited — QIP/Rights/Pref., 05-08-2025: Issue of Securities
05-08-2025 | 04:50 pm
05-08-2025 | 04:50 pm
Afcons Infrastructure has issued Commercial Papers (CPs) worth 50 Cr via private placement. These CPs carry an interest rate of 8.30% per annum. Allotted on August 5, 2025, they will mature exactly one year later on August 5, 2026. This is a short-term, unsecured debt instrument issued to Bangiya Gramin Vikash Bank. The issuance strengthens the company's short-term financing, likely for operational needs. The CP holds a strong Crisil A1+ rating, indicating high safety.
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