India New Issue-Godrej Industries to issue 3-month CP - traders
16/02/2023 11:47
MUMBAI, Feb 16 (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 7.50% on the issue and has
received commitments worth about 750 million rupees ($9.1
million), the bankers said.
The notes are rated A1+ by ICRA.
($1 = 82.6670 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
((Dharamraj.dhutia@tr.com))
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