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

Godrej Agrovet

05/01/2023 10:32

MUMBAI, Jan 5 (Reuters) - India's Godrej Agrovet
 GODE.NS  plans to raise funds by selling commercial papers
maturing within this month, three merchant bankers said on
Thursday.
    The agri-business company will offer a yield of 6.40% on
these papers and it has received commitments of around 250
million rupees ($3.03 million), the bankers said.
    The notes are rated A1+ by ICRA.
($1 = 82.4370 Indian rupees)
 (Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
 ((Dharamraj.dhutia@tr.com))