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

TV18 Broadcast

02/02/2023 13:12

MUMBAI, Feb 2 (Reuters) - India's TV18 Broadcast
 TVEB.NS  plans to raise funds selling commercial papers
maturing in three months, three merchant bankers said on
Thursday.
    The company will offer a yield of 7.36% on this issue and
has received commitments worth around 750 million Indian rupees 
($9.12 million) so far, the bankers said.
    The papers are rated A1+ by ICRA and will mature on May 9.
($1 = 82.1980 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
 ((Dharamraj.dhutia@tr.com))