InvestorQ : Why is NLC India raising funds through CP route?
Niti Shenoi made post

Why is NLC India raising funds through CP route?

Answer
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Archita Jajjoo answered.
3 months ago


NLC India, a PSU under the Ministry of Coal, raised Rs 500 crore by issuing commercial paper, which are basically short term instruments to raise debt. NLC India issued and allotted 10,000 units commercial paper of FV Rs.500,000 each adding up to Rs.500 crore. This entire tranche of CP was privately placed with the ICICI Prudential Liquid Fund.