DEEPAK NITRITE LTD. - Issue of Commercial Papers

Deepak Nitrite Ltd has informed BSE that the Company has issued Commercial Papers (CP) for Rs. 25 crores value dated October 31, 2014. This has been subscribed by HDFC Bank Limited having maturity date as January 29, 2015.<br/><br/>The aforesaid issuance of CP is to fund working capital requirement of the Company.