Trident Limited informed the exchanges on Wednesday that in accordance with the guidelines issued by the RBI, the company has issued commercial papers.
The size of the issue stands at Rs50cr, which has been carved out of working capital limits, said the company.
It further added that the securities will be listed on BSE Limited.
With a tenure of 62 days, these securities allotted on December 2, 2020 will mature on February 2, 2021.
The coupon/interest being offered on the CPs is 4.75%p.a.
Trident ended at Rs8.08 per piece up by Rs0.11 or 1.38% from its previous closing on the BSE.