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Havells India, the consumer electrical goods maker, is going to issue commercial paper worth Rs 150 crore to Yes Bank.
The company has said in a regulatory filing that Havells India Ltd is going to issue commercial paper to Yes Bank for an amount of Rs 150 crore.
The tenure of the security is 90 days and the proposed date of allotment is June 20.
The company has said that the bonds will mature on September 18, 2017.
Commercial paper refers to an unsecured debt instrument issued normally to meet short term liabilities.
