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

TV18 Broadcast

13/09/2022 11:44

MUMBAI, Sept 13 (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 6.18% on this issue and
has received commitments worth around 1.50 billion rupees 
($18.95 million), the bankers said.
    The papers are rated A1+ by ICRA. 
($1 = 79.1400 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia; Editing by Dhanya Ann
Thoppil)
 ((Dharamrajlalit.dhutia@tr.com))