In what denominations Commercial Paper (CP) can be issued?
In what denominations Commercial Paper (CP) can be issued?
[A]Rs. 25,000
[B]Rs. 1 lakh
[C]Rs. 5 lakh
[D]None of the above
Rs. 5 lakh
The CPs shall be issued in denominations of Rs 5 lakh and multiples thereof. The amount invested by a single investor should not be less than Rs.5 lakh (face value).