Deepak Nitrite Limited

Deepak Nitrite , after repaying commercial paper (CP) (issued on July 17) worth ₹30 crore on October 15, issued CP for the same amount on Friday. The CP, which matures on November 30, has been subscribed to by HDFC Bank. The proceeds from the CP will fund the working capital requirements of the chemicals maker, Deepak Nitrite informed the exchanges in a notification. Shares of Deepak Nitrite edged up 1.2 per cent at ₹66.25 on the NSE.