Commercial paper of Rs 25 crore has been redeemed on maturity date which was November 27, 2018, Minda Corporation said.
Minda Corporation shares gained 1.7 percent in morning on Thursday after the redemption of commercial paper.
The electronic & mechanical security system supplier informed exchanges that commercial paper of Rs 25 crore has been redeemed on maturity date which was November 27, 2018.
The company had issued that commercial paper on August 29 in current year, which had maturity period of three-months.
Minda Corporation is a diversified company with a product portfolio encompassing from mechanical & electronic security system and electronic controllers for electric vehicles for auto original equipment manufacturers across the globe.At 09:46 hours IST, the stock was quoting at Rs 136.30, up Rs 2.20, or 1.64 percent on the BSE.