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

Godrej Industries

04/05/2023 10:41

MUMBAI, May 4 (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 7.27% on the issue and has
received commitments worth about 750 million rupees ($9.17
million), the bankers said.
    The notes are rated A1+ by ICRA.
    
($1 = 81.8025 Indian rupees)

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