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

Godrej Industries

23/05/2023 07:31

MUMBAI, May 23 (Reuters) - India's Godrej Industries Ltd  GODI.NS  plans to raise funds
by selling commercial papers maturing in three months, at a yield of 7.02%, three merchant
bankers said on Tuesday.

 Issuer Name            Instrument type    Tenure     Yield (in %)  Amount (in bln rupees)
 Godrej Industries      CP                 3 months   7.02          2.25
 Aditya Birla Finance   CP                 3 months   7.06          6
 
($1 = 81.7800 Indian rupees)

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