Corporate News     24-Jan-17
Entertainment Network (India) issues commercial paper of Rs 121.8 crore
On 24 January 2017
Entertainment Network (India) announced that the Company has on 24 January 2017 issued Unsecured Commercial Papers (CPs). The amount raised through issuance of CPs is Rs. 121.8 crore. The CPs have a tenor of 364 days and will mature on 23 January 2018. The maturity value of CPs is Rs. 130 crores The effective yield of the CPs is 6.75% per annum. Proceeds from the CPs will be used to finance the Company's business needs.
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