Bharat Rasayan - Updates
30/09/2019 17:04
Bharat Rasayan Limited has informed the Exchange regarding 'We hereby inform you that the Company has issued Commercial Paper of Rs. 20.00 Crores (Rupees Twenty Crores only) value dated 30th September, 2019, having maturity on 30th December, 2019, which have been rated CARE A1+ by a leading rating agency. The Company has appointed HDFC Bank Limited as Issuing & Paying Agent for this issuance. Further, we would like to inform you that we have approved the limit to avail working capital facilities by issue of commercial paper or such other instrument from the Board of Directors and the issuance is done within the limits passed. The limit of issuance of commercial paper is within the limit of borrowings approved by shareholders of the Company. The certified true copies of the resolutions passed by the Board of Directors / Committee of Board of Directors Resolutions and Shareholders?? Resolution has been attached for your reference purpose.'.