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

Network18 Media & Investments

23/02/2023 06:16

MUMBAI, Feb 23 (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 7.57% on this issue for
which it has received commitments worth around 1 billion Indian
rupees ($12.08 million) so far, the bankers said.
    The notes are rated A1+ by ICRA.
($1 = 82.7580 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
 ((Dharamraj.dhutia@tr.com))