Entertainment Network India Ltd (ENIL) today said it has raised Rs 102.6 crore by issuing commercial papers to BNP Paribas.
The commercial papers (CPs), which have a tenor of 364 days, has a maturity value of Rs 110 crore and effective yield is 7.20 per cent per annum, ENIL said in a BSE filing.
The company said proceeds of the issue will be used for repayment of other outstanding CPs when they mature.
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In a separate filing, ENIL said it has fully repaid unsecured commercial papers with a maturity value of Rs 130 crore issued on January 24, 2017.
Shares of ENIL closed 2.13 per cent up at Rs 784.30 on BSE.
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