Samvardhana Motherson International has announced the issuance of commercial paper valued at ₹250 crore. The commercial paper, consisting of 5,000 units with a face value of ₹500,000 each, has been listed on BSE Limited.
The commercial paper carries a tenure of 87 days, with the date of issue and allotment being 17th March 2026, and the maturity date set for 12th June 2026. The interest rate on the commercial paper is set at 6.00%, with interest charged upfront. BNP Paribas is the beneficiary of this issuance.
The commercial paper is unsecured, and no special rights, interests, or privileges are attached to it. There are no delays in the payment of interest or principal amount for a period exceeding three months from the due date, and there is no default in payment.
The listing notice for the commercial paper can be accessed through the BSE Limited’s official link provided in the announcement.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).