GHCL has redeemed Commercial paper (CP) of Rs 25 crore on December 17, 2019 after making payment on due date. The said CP was issued on September 18, 2019. The said CP was a part of Rs 100 crore limit approved by the Board of Directors in their meeting held on January 21, 2019 and the same was issued in four different trenches.
The company has issued a fresh series of commercial paper amounting Rs 25 crore and necessary intimation was given to Stock Exchanges on December 12, 2019. Hence, after redemption of said commercial paper, total outstanding commercial paper is 50 crore.
GHCL is a leading producer of synthetic soda ash in India with an installed capacity of 8.5 lakh tonnes Per Annum (TPA) located in Gujarat. Over the years, it has diversified into yarn and home textile products.
