India New Issue-Godrej Industries to issue 3-month CP - bankers

Godrej Industries

06/04/2023 11:40

MUMBAI, April 6 (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 Thursday.
    The company will offer a yield of 7.35% on the issue and has
received commitments worth about 750 million rupees ($9.16
million), the bankers said.
    The notes are rated A1+ by ICRA.

($1 = 81.8930 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Sohini Goswami)
 ((Bhakti.Tambe@thomsonreuters.com))