India New Issue-Godrej Agrovet to sell commercial papers
The agri-business aims to raise funds
5 January 2023
1 minute read
By: India's Godrej Agrovet plans to raise funds by selling commercial papers maturing within this month, reported Reuters, citing three merchant bankers on Thursday.
The agri-business company will offer a yield of 6.40% on these papers and it has received commitments of around 250 million rupees ($3.03 million), the bankers said.
The notes are rated A1+ by ICRA.
Godrej Agrovet is a food and agri conglomerate dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields.
($1 = 82.4370 Indian rupees)
