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India New Issue-Reliance Retail Ventures to issue 3-month CP - traders

Reuters · 11/16/2022 01:05
India New Issue-Reliance Retail Ventures to issue 3-month CP - traders

- India's Reliance Retail Ventures plans to raise funds by selling commercial papers maturing in three months, two merchant bankers said on Wednesday.

The company, a unit of Reliance Industries RELI.NS, will offer a yield of 7.00% on the issue and has received commitments worth around 15 billion rupees ($184.35 million) so far, according to the bankers.

The are rated A1+ by CRISIL.

($1 = 81.3650 Indian rupees)


(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)

((Dharamraj.dhutia@tr.com))