India Inc rushed for short-term debt on revival signs
Synopsis
CPs are short-term debt instruments with maturities of up to 12 months generally. Besides non-banking finance companies, manufacturing and services companies are permitted to sell CPs.
Mumbai: The value of Commercial Papers (CPs) sold in September surged nearly 50 per cent compared to August, the latest RBI data showed, reflecting demand for short-term money amid signs of economic revival.CPs are short-term debt instruments with maturities of up to 12 months generally. Besides non-banking finance companies, manufacturing and services companies are permitted to sell CPs.Reliance Industries, Aditya Birla Finance, Bajaj Finance,
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