Aditya Birla Finance becomes first company to list commercial papers on exchanges
Updated : November 29, 2019 12:28 PM IST
The BSE & the NSE came out with a framework for listing of CPs, in a bid to broaden investors' participation in such securities.
Commercial papers can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.
ABFL is a well-diversified NBFC with a long-term credit rating of AAA (stable) from both ICRA & India Ratings.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more