India New Issue-Godrej Industries to issue 3-month CP - bankers
05/04/2023 11:16
MUMBAI, April 5 (Reuters) - India's Godrej Industries
Ltd GODI.NS plans to raise funds through the sale of
commercial papers maturing in three months, three merchant
bankers said on Wednesday.
The company will offer a yield of 7.45% on the issue and has
received commitments worth about 1.50 billion rupees ($18.3
million), the bankers said.
The notes are rated A1+ by ICRA.
($1 = 82.0110 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Savio D'Souza)
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