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

TV18 Broadcast

03/03/2023 02:49

MUMBAI, March 3 (Reuters) - India's TV18 Broadcast  TVEB.NS 
plans to raise funds selling commercial papers maturing in three
months, three merchant bankers said on Friday.
    The company will offer a yield of 7.80% on this issue and
has received commitments worth around 3 billion rupees ($36.42
million) so far, the bankers said.
    The papers are rated A1+ by ICRA and the terms of the deal
were set on Thursday.

($1 = 82.3770 Indian rupees)

 (Reporting by Dharamraj Dhutia
)
 ((Dharamraj.dhutia@tr.com))