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

Godrej Agrovet

24/02/2023 06:54

MUMBAI, Feb 24 (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 7.60% on the
papers and it has received commitments of around 500 million
rupees ($6.04 million), the bankers said.
    The notes are rated A1+ by ICRA and will mature on May 28.
($1 = 82.7460 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
 ((Dharamraj.dhutia@tr.com))