India New Issue-Aditya Birla Money to issue 3-month CP - traders

Aditya Birla Money

21/04/2023 12:36

MUMBAI, April 21 (Reuters) - India's Aditya Birla Money
 ABML.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said today.
    The company will pay a coupon of 7.58% on this issue, and
has received commitments of around 500 million Indian rupees 
($6.09 million), the bankers said.
    The notes are rated A1+ by India Ratings.

($1 = 82.0490 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Saumyadeb Chakrabarty)
 ((Dharamraj.dhutia@tr.com))