India New Issue-Network18 Media to issue 3-month CP –traders

Network18 Media & Investments

13/09/2022 10:44

MUMBAI, Sept 13 (Reuters) - India's Network18 Media &
Investments Ltd  NEFI.NS  plans to raise funds from sale of
commercial papers maturing in three months, three merchant
bankers said on Tuesday.
    The company will offer a yield of 6.18% on this issue, and
has received commitments worth around 2.75 billion rupees 
($34.75 million) so far, the bankers said.
    The notes are rated A1+ by ICRA.
    
($1 = 79.1420 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia;
Editing by Neha Arora)
 ((Dharamrajlalit.dhutia@tr.com))