"Havells India Ltd has renewed the commercial paper issued to UTI Mutual Fund for an amount of Rs 150 crore for a period of 91 days at 6.23 per cent," Havells said in a regulatory filing today.
Commercial paper is an unsecured debt instrument issued normally for meeting short-term liabilities.
Havells India stock was trading 0.90 per cent lower at Rs 489.30 on the NSE today.
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