MoneyWorks4Me

Britannia Industries raises Rs 500 crore via CPs

20 Jan 2020 Evaluate

Britannia Industries has raised funds aggregate to Rs 500 crore through issuance of Commercial Papers (CPs) on January 17, 2020, with tenure upto 357 days. Earlier, the company had redeemed Commercial Paper of Rs 500 crore issued by the company on April, 04, 2019. The Commercial Paper had been redeemed on December 20, 2019.

Britannia Industries, one of the India’s biggest brands of the country. More-than-a-century old Britannia has launched big brands in FMCG Segment. The company is expanding its customer base by launching new products and renovating existing ones.

Peers
Company Name CMP
Nestle India 1382.00
Varun Beverages 435.55
Britannia Industries 4937.00
LT Foods 430.10
Hatsun Agro Product 1155.55
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