India's TV18 Broadcast to issue 3-month CP - traders

TV18 Broadcast

10/08/2022 08:51

MUMBAI, Aug 10 (Reuters) - India's TV18 Broadcast Ltd
 TVEB.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 5.97% on this issue and
has received commitments worth around 1.25 billion rupees 
($15.74 million), the bankers said.
    The papers are rated A1+ by ICRA and will mature in
November. 
($1 = 79.4350 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia; Editing by Shailesh
Kuber)
 ((Dharamrajlalit.dhutia@tr.com))