BEML Ltd raises Rs. 150 crores through Commercial Paper

In terms of the guidelines issued by Reserve Bank of India, BEML Ltd has placed the Commercial Paper (CP) of Rs. 150 crores with SBI. The discount rate is 3.65% and maturity date is Dec 23, 2020.

The above CP is part of the working capital facilities as approved by the Board in its meeting held on 13th March, 2020.

Shares of BEML LTD. was last trading in BSE at Rs.604.65 as compared to the previous close of Rs. 625.25. The total number of shares traded during the day was 16567 in over 833 trades.

The stock hit an intraday high of Rs. 626 and intraday low of 600. The net turnover during the day was Rs. 10121557.

Source : Equity Bulls

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