India New Issue-Network18 Media to issue 3-month CP - bankers

Network18 Media & Investments

23/05/2023 12:41

MUMBAI, May 23 (Reuters) - India's Network18 Media & Investments  NEFI.NS  plans to
raise funds by selling commercial papers maturing in three months, at a yield of 6.99%, three
merchant bankers said on Tuesday.

 Issuer Name             Instrument type   Tenure       Yield          Amount (in bln rupees)
 Network18 Media         CP                3 months     6.99           1
 M&M Financial Services  CP                1 yr         7.69           8.5
 Godrej Industries       CP                3 months     7.02           3
 Aditya Birla Finance    CP                3 months     7.06           6
 

($1 = 81.7800 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
 ((Dharamraj.Dhutia@thomsonreuters.com;))