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Godrej Industries to issue 3-month CP: Traders

The company will offer a yield of 6.75% on the issue and has received commitments worth about 750 million rupees

September 30, 2022 / 04:12 PM IST
Representative image

Representative image

India’s Godrej Industries plans to raise funds through a sale of commercial papers maturing in three months, three merchant bankers said on Friday.

The company will offer a yield of 6.75% on the issue and has received commitments worth about 750 million rupees ($9.23 million) so far, the bankers said.

The notes are rated A1+ by ICRA.

 
Reuters