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Entertainment Network raises Rs 249.43 crore through Commercial Papers issue

18 Mar 2016 Evaluate

Entertainment Network (India) has issued Unsecured Commercial Papers (CPs) to BNP Paribas on March 18, 2016. The amount raised through issuance of CPs is Rs. 249.43 crore. The CPs have a tenor of one year and will mature on March 17, 2017. The maturity value of CPs is Rs. 270 crore. The effective yield of the CPs is 8.25% per annum. The proceeds from the CPs will be used to fully repay the outstanding bank loans.

Entertainment Network is one of the leading entertainment and Media Company and is engaged in radio broadcasting under the brand name ‘Radio Mirchi’. The company has its presence in Mumbai, Delhi, Kolkata, Chennai, Pune, Indore, Ahmedabad Bangalore, Hyderabad, Jaipur, Patna and Jalandhar.

Entertain. Network Share Price

117.79 2.59 (2.25%)
20-Apr-2026 16:59 View Price Chart
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