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Navneet Education raises Rs 30 crore via CP

16 Mar 2020 Evaluate

Navneet Education has issued and allotted 600 units of commercial paper (CP) of Rs 5,00,000 each, aggregating to Rs 30 crore at a discount rate of 5.70% p.a. The issue date of CP is March 13, 2020, while redemption date is May 4, 2020. The tenure of the security is 52 days. The said paper is listed on NSE pursuant to SEBI Circular dated October 22, 2019.

Navneet Education is engaged in publishing educational and children books and stationary products.

Peers
Company Name CMP
D.B. Corp 184.70
Jagran Prakashan 61.78
HT Media 23.43
Navneet Education 124.25
S Chand And Company 133.05
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