India's Godrej Agrovet to issue 3-month CP - traders

Godrej Agrovet

11/08/2022 07:25

MUMBAI, Aug 11 (Reuters) - India's Godrej Agrovet Ltd
 GODE.NS  plans to raise funds selling commercial papers
maturing in three months, three merchant bankers said on
Thursday. 
    The agri-business company will offer a yield of 5.97% on
these papers and it has received commitments of around 500
million rupees ($6.29 million), they said.
    The notes of the company are rated A1+ by ICRA.
    
($1 = 79.4550 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia; Editing by Rashmi Aich)
 ((Dharamrajlalit.dhutia@tr.com))