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Birla Corporation raises Rs 50 crore via commercial paper

21 Aug 2024 Evaluate

Birla Corporation has raised Rs 50 crore through issuing of 1000 units of Commercial Paper of Rs 5 lakh each, at a discounted rate of 7.20% p.a. Tenure of the instrument of said commercial paper is 90 days and maturity date will be on November 18, 2024. The aforesaid commercial paper has been listed on BSE on August, 20, 2024.

Birla Corporation is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well.


Peers
Company Name CMP
Ultratech Cement 12240.00
Ambuja Cements 388.00
ACC 1226.80
Shree Cement 24770.40
Dalmia Bharat 1466.70
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