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

Network18 Media & Investments

25/10/2022 09:20

MUMBAI, Oct 25 (Reuters) - India's Network18 Media &
Investments  NEFI.NS  plans to raise funds selling commercial
papers maturing in three months, three merchant bankers said on
Tuesday. 
    The company will offer a yield of 7.11% on the issue, and
has received commitments worth around 1.50 billion Indian rupees
 ($18.13 million), the bankers said.
    The notes are rated A1+ by ICRA.
($1 = 82.7500 Indian rupees)
 (Reporting by Dharamraj Lalit Dhutia
Editing by Janane Venkatraman)
 ((Dharamrajlalit.dhutia@tr.com))