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

Network18 Media & Investments

02/02/2023 13:14

MUMBAI, Feb 2 (Reuters) - India's Network18 Media &
Investments  NEFI.NS  plans to raise funds selling commercial
papers maturing in three months, three merchant bankers said on
Thursday.
    The company will offer a yield of 7.36% on this issue for
which it has received commitments worth around 1.25 billion
rupees  ($15.21 million) so far, the bankers said.
    The notes are rated A1+ by ICRA and will mature on May 9. 
    ($1 = 82.1980 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
 ((Dharamraj.dhutia@tr.com))