India New Issue-Godrej Industries to issue 3-month CP - traders
29/03/2023 09:48
MUMBAI, March 29 (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
Wednesday.
The company will offer a yield of 7.51% on the issue and has
received commitments worth about 1.50 billion rupees ($18.2
million), the bankers said.
The notes are rated A1+ by ICRA and have a value date in
April.
($1 = 82.3100 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
((Dharamraj.dhutia@tr.com))
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