India New Issue-Godrej Agrovet to issue 3-month CP - traders

Godrej Agrovet

02/12/2022 06:46

MUMBAI, Dec 2 (Reuters) - India's Godrej Agrovet
 GODE.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on Friday.
    The agri-business company will offer a yield of 7.08% on
these papers and it has received commitments of around 500
million rupees ($6.2 million) they said.
    The notes of the company are rated A1+ by ICRA.
 
 ($1 = 81.1780 Indian rupees)
 (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
 ((bhakti.tambe@tr.com))