India New Issue-Godrej Industries to issue 3-month CP - traders
24/03/2023 02:36
MUMBAI, March 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 7.35% on the issue and has
received commitments worth about 750 million rupees ($9.12
million), the bankers said.
The notes are rated A1+ by ICRA and the terms of the deal
were set on Thursday.
($1 = 82.1970 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
((Dharamraj.dhutia@tr.com))
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