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Havells India to issue Rs 150 cr commercial paper to Yes Bank

Press Trust of India  |  New Delhi 

Consumer electrical goods maker today said it will issue commercial paper worth Rs 150 crore to private sector lender

Ltd is going to issue commercial paper to for an amount of Rs 150 crore, the company said in a regulatory filing.

Commercial paper is an unsecured debt instrument issued normally for meeting short-term liabilities.

The tenure of the security is 90 days and the proposed date of allotment is June 20.

The bonds will mature on September 18, 2017, the company said.

of closed at Rs 487.40, down 1.02 per cent on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 19:03 IST