ALPHA TRIBE

Birla Corporation LimitedQIP/Rights/Pref., 08-08-2025: Issue of Securities

08-08-2025 | 06:07 pm

Birla Corporation has issued Commercial Paper worth ₹50 Crores. These 1000 units, each valued at ₹5,00,000, were allotted on August 8, 2025, with a 90-day tenure. The paper carries an interest rate of 6.15% per annum and will mature on November 6, 2025. It is proposed to be listed on BSE Limited. The document does not specify the intended use of these proceeds, which are typically utilized for short-term working capital needs.

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