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Deepak Nitrite informs about redemption and issue of commercial papers

04 Sep 2015 Evaluate

With reference to the earlier communication dated April 17, 2015, Deepak Nitrite has now informed that the Commercial Paper of Rs 30 crores issued on April 17, 2015, has been repaid on September 04, 2015. Further, the Company has issued Commercial Paper (CP) for Rs 30 crores value dated September 04, 2015. This has been subscribed by HDFC Bank having maturity on December 03, 2015. The aforesaid issuance of CP is to fund working capital requirement of the Company.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Godrej Industries 1043.95
SRF 2466.00
BASF India 3387.20
Pidilite Inds. 1499.00
Tata Chemicals 632.40
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