"The company has on March 18, 2016 issued unsecured commercial papers (CPs) to BNP Paribas. The amount raised through issuance of CPs is Rs 249.43 crore," Entertainment Network (India) Ltd said in a BSE filing.
It further said: "The CPs have a tenor of one year and will mature on March 17, 2017. The maturity value of CPs is Rs 270 crore. The effective yield of the CPs is 8.25 per cent per annum. The proceeds from the CPs will be used to fully repay the outstanding bank loans."
Entertainment Network (India) shares were trading at Rs 724.90 on BSE, down 2.34 per cent.
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