India's Network18 Media to issue 3-month CP – traders

Network18 Media & Investments

10/08/2022 07:27

MUMBAI, Aug 10 (Reuters) - India's Network18 Media &
Investments Ltd  NEFI.NS  plans to raise funds selling
commercial papers maturing in three months, three merchant
bankers said on Wednesday.
    The company will offer a yield of 5.97% on this issue, and
has received commitments worth around 2.25 billion rupees 
($28.31 million) so far, the bankers said.
    The notes are rated A1+ by ICRA and will mature in November.
($1 = 79.4870 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia
)
 ((Dharamrajlalit.dhutia@tr.com))