Entertainment Network (India) (ENIL) has issued unsecured Commercial Papers (CPs) to BNP Paribas on January 23, 2018. The amount raised through issuance of CPs is Rs 102.60 crore. The CPs have tenor of 364 days and will mature on January 22, 2019. The maturity value of CPs is Rs 110 crore. The effective yield of the CPs is 7.20% per annum. The proceeds from the CPs will be used for repayment of other outstanding CPs when they mature.
ENIL is one of the leading entertainment and Media Company. The company operates in three segments: radio broadcasting segment, out-of-home media segment and experiential marketing segment. Radio broadcasting segment operates under the brand Radio Mirchi.
