Shree Cement to issue 2-month commercial papers: Traders

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.

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.

Published on: Jan 19, 2023, 4:34 PM IST

Posted by: Tarab Zaidi, Jan 19, 2023, 4:28 PM IST

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