Hindustan Aeronautics Ltd issues Rs. 2000 crore CPs to SBI Mutual Fund

In terms of the guidelines issued by Reserve Bank of India, Hindustan Aeronautics Ltd has placed the Commercial Papers (CPs) of Rs. 2000 Crore in favour of SBI Mutual Fund.

The maturity date is September 15, 2020 and the discount rate is 3.81%.

The above CP is a part of fund based limit of Rs. 10,000/- Crore as approved by the Board in its meeting held on 21st January, 2020.

Shares of Hindustan Aeronautics Ltd was last trading in BSE at Rs.706.85 as compared to the previous close of Rs. 657.5. The total number of shares traded during the day was 8847 in over 1119 trades.

The stock hit an intraday high of Rs. 736.2 and intraday low of 651. The net turnover during the day was Rs. 6155037.

Source : Equity Bulls

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