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Shree Cement to raise funds by selling two-month commercial papers: Bankers

The company will offer a yield of 6.78% on this issue, and has received commitments worth around 1 billion rupees ($12.29 million), the bankers said

The notes are rated A1+ by CRISIL

1 min read Last Updated : Jan 18 2023 | 4:25 PM IST

MUMBAI (Reuters) - India's Shree Cement plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Wednesday.

The company will offer a yield of 6.78% on this issue, and has received commitments worth around 1 billion rupees ($12.29 million), the bankers said.

The notes are rated A1+ by CRISIL.

($1 = 81.3800 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Shree Cement Fundraising

First Published: Jan 18 2023 | 4:25 PM IST