Entertainment Network issues commercial paper
Shital Jibhe / 24 Jan 2017
In a recent development, the BSE 500 stock Entertainment Network, has issued unsecured Commercial Paper (CP), raising around Rs 121.8 crore. The CP has a tenure of 364 days and will mature on January 23, 2018. The yield on these papers works out to 6.75 per cent p.a.
In a recent development, the BSE 500 stock Entertainment Network, has issued unsecured Commercial Paper (CP), raising around Rs 121.8 crore. The CP has a tenure of 364 days and will mature on January 23, 2018. The yield on these papers works out to 6.75 per cent p.a. The company plans to use the proceedings of the CP to finance the company’s business.
The stock is trading in the green today. It has given a return of 16.64 per cent in the last one year and its P/E stands at 50.49.
Ten mutual fund houses have invested in the stock of the company and, among them, Franklin Templeton Mutual Fund is the top fund house that has invested in the stock.
Entertainment Network India is a subsidiary of Times Infotainment India.
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