India New Issue-Network18 Media to issue 2-month CP - traders

Network18 Media & Investments

14/03/2023 13:47

MUMBAI, March 14 (Reuters) - India's Network18 Media &
Investments Ltd  NEFI.NS  plans to raise funds by selling
commercial papers maturing in two months, two merchant bankers
said on Tuesday.
    The company will offer a yield of 7.52% on this issue for
which it has received commitments worth around 1 billion rupees
($12.14 million), the bankers said.
    The notes are rated A1+ by ICRA.
 
 ($1 = 82.3550 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
 ((Dharamraj.dhutia@tr.com))