Deepak Nitrite updates on issuance and redemption of CPs
Utilised for funding working capital requirements
Deepak Nitrite announced that the Commercial Paper of Rs. 30 crore issued on 17 April 2015, has been repaid on 04 September 2015.Further, the Company has issued Commercial Paper (CP) for Rs. 30 crore value dated 04 September 2015. This has been subscribed by HDFC Bank having maturity on 03 December 2015.
The aforesaid issuance of CP is to fund working capital requirement of the Company.
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