Torrent Pharma issues INR 300 crore commercial papers

Torrent Pharmaceuticals has issued Commercial Papers (CPs) amounting to ₹300 Crore (Rupees Three Hundred Crores Only) on March 25, 2025. The CPs, with a tenure of 90 days, are proposed to be listed on the National Stock Exchange of India (NSE). The date of maturity is set for June 23, 2025, and carry a coupon/interest rate of 7.13% per annum, payable upfront upon maturity. These CPs are unsecured, and no special rights, interest, or privileges are attached to the instrument. There are no applicable delays or defaults concerning interest or principal payment, and no specific comments regarding payment or security matters.