01-01-1970 12:00 AM | Source: Reuters
Tata Power to issue 2-month CP
News By Tags | #657 #572 #467

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

India's Tata Power Co plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Monday.

The company will offer a yield of 5.90% on this issue, and has received commitments worth around five billion rupees ($62.61 million), the bankers said.

The notes are rated A1+ by CRISIL.

($1 = 79.8625 Indian rupees)