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

Godrej Industries

24/02/2023 09:15

MUMBAI, Feb 24 (Reuters) - India's Godrej Industries
 GODI.NS  plans to raise funds through the sale of commercial
papers maturing in three months, three merchant bankers said on
Friday.
    The company will offer a yield of 7.60% on the issue and has
received commitments worth about 750 million rupees ($9.06
million) the bankers said.
    The notes are rated A1+ by ICRA.
    ($1 = 82.7550 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))