/ Havells To Issue Rs 150 Crore Commercial Paper To Yes Bank ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 16 June 2017


Consumer electrical goods major, Havells India announced that the company will be issuing commercial paper worth Rs 150 crore to the private sector lender Yes Bank, the company said in a regulatory filing to BSE.

Usually issued for the purpose of meeting short term liabilities, the commercial paper is defined as an unsecured debt instrument.

According to the details provided by the company, the commercial paper is likely to be issued for a period of 90 days and the company intends to allot it on June 20, 2017, and the bond will mature on September 18, 2017. 

On the BSE, Havells India Limited quoted Rs 494.40 at 10:35 hrs IST, up by 1.63%. While, Yes Bank was trading at Rs 1,458, up by 0.81% at 09:45 hrs IST on the BSE. 

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