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

Network18 Media & Investments

08/03/2023 02:57

MUMBAI, March 8 (Reuters) - India's Network18 Media &
Investments  NEFI.NS  plans to raise funds selling commercial
papers maturing in three months, three merchant bankers said on
Wednesday.
    The company will offer a yield of 7.80% on this issue for
which it has received commitments worth around 2 billion rupees
($24.37 million), the bankers said.
    The notes are rated A1+ by ICRA and the terms of the deal
were set on Monday. 

     ($1 = 82.0820 Indian rupees)

 (Reporting by Dharamraj Dhutia)
 ((Dharamraj.dhutia@tr.com))