APL Apollo Tubes has announced the issuance of commercial paper valued at ₹100 crore. The security, identified with ISIN INE702C14CY8, was allotted on 22nd April 2026 and is set to mature on 25th June 2026. The commercial paper carries an interest rate of 6.15% and has a tenure of 64 days.
The issuance is in favour of Kotak Mahindra Bank Ltd and has been rated [ICRA] A1+, indicating a high degree of safety regarding timely payment of financial obligations. The commercial paper will be listed on BSE Limited, providing investors with an opportunity to trade the security on the exchange.
This move is part of APL Apollo‘s ongoing efforts to manage its short-term financing needs effectively. The company has adhered to the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, in issuing this commercial paper.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).