India New Issue-Network18 Media, TV18 Broadcast to issue 3-month CP - traders

Network18 Media & Investments

03/11/2022 09:00

MUMBAI, Nov 3 (Reuters) - India's Network18 Media &
Investments  NEFI.NS  and TV18 Broadcast  TVEB.NS  plan to raise
funds selling commercial papers maturing in three months, three
merchant bankers said on Thursday.
    Both the companies will offer a yield of 7.05% on their
issues, and have received aggregate commitments worth around 2
billion Indian rupees ($24.12 million), the bankers said.
    The notes of both the companies are rated A1+ by ICRA. 
($1 = 82.9100 Indian rupees)
 (Reporting by Dharamraj Dhutia
Editing by Janane Venkatraman)
 ((Dharamrajlalit.dhutia@tr.com))