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

Godrej Agrovet

27/02/2023 13:21

MUMBAI, Feb 27 (Reuters) - India's Godrej Agrovet  GODE.NS 
plans to raise funds by selling commercial papers maturing in
three months, three merchant bankers said on Monday.
    The agri-business company will offer a yield of 7.70% 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 31.

($1 = 82.7300 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))