ENIL raises Rs 102 cr via commercial papers
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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First Published: Jan 23 2018 | 5:45 PM IST