Bharat Financial Inclusion announced that the company issued commercial paper of an aggregate amount of Rs 1 billion on July 27, 2016, which has been rated 'A1+' by a leading rating agency. The aggregate commercial paper outstanding as on date is Rs 2.75 billion.
Instruments with the aforesaid rating are considered to have 'a very strong degree of safety' regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.
Total volume of shares traded on the bourses today was lower by 92.74% to 152,247 compared with 22-day average volume of 2,096,251.
Shares of the company gained Rs 0.3, or 0.03%, to trade at Rs 886.25. The total volume of shares traded was 16,454 at the BSE (9.40 a.m., Thursday).