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

Godrej Industries

24/04/2023 11:06

MUMBAI, April 24 (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 Monday.
    The company will offer a yield of 7.24% 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 = 81.9125 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))