Entertainment Network Issues A Commercial Paper, Stock Close In Green

Entertainment Network, the BSE 500 stock was trading with gains, and in a recent development, the company has issued unsecured Commercial Papers, raising around Rs 121.8 crore.

The Commercial Paper has tenure of 364 days and will mature on January 23, 2018, the yield of these papers being 6.75% p.a., and the company will use the proceedings to finance the company’s business needs.

In the last one year, the stock has given a return of 16.64%,  and its P/E stands at 50.49. Ten mutual fund houses have invested in the stock of the company, Franklin Templeton Mutual Fund being the top fund house which has invested in the stock.

Entertainment Network India is a subsidiary of TIML, better known as Times Infotainment India.

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