Havells India to issue Rs 150 crore commercial paper to Yes Bank


Consumer electrical merchandise producer Havells India said it will issue commercial paper worth Rs 150 crore to private sector lender Yes Bank.

Havells India Ltd will issue commercial paper to Yes Bank for an amount of Rs 150 crore, the organization said in an administrative recording.

Commercial paper is an unsecured obligation instrument issued ordinarily to meet short-term liabilities.

The residency of the security is 90 days and the proposed date of designation is June 20.

The bonds will develop on September 18, 2017, the organization said.