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

TV18 Broadcast

25/10/2022 10:48

MUMBAI, Oct 25 (Reuters) - India's TV18 Broadcast
 TVEB.NS  plans to raise funds selling commercial papers
maturing in three months, three merchant bankers said on
Tuesday.
    The company will offer a yield of 7.11% on this issue and
has received commitments worth around 1.50 billion Indian rupees
 ($18.13 million) so far , the bankers said.
    The papers are rated A1+ by ICRA.
($1 = 82.7375 Indian rupees)
 (Reporting by Dharamraj Lalit Dhutia; Editing by Dhanya Ann
Thoppil)
 ((Dharamrajlalit.dhutia@tr.com))