Minda Corporation Issues ₹1 Billion Commercial Paper to Boost Working Capital

Minda Corporation Ltd, a leading automotive component manufacturer, has announced the issuance of commercial paper worth ₹1 billion (100 crores) on March 21, 2025. This move aims to strengthen the company's working capital position and support its ongoing growth initiatives. The commercial paper has been assigned a rating of "CRISIL A1+", indicating very strong degree of safety regarding timely payment. This issuance follows the company's recent strong financial performance, with a 10% year-on-year increase in revenue to ₹4,950 crore in the trailing twelve months. Minda Corporation continues to focus on expanding its product portfolio and enhancing its market presence in the rapidly evolving automotive sector.

 

Source: Compiled from BSE filings, company announcements, and financial reports