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Navneet Education raises Rs 50 crore through CP

19 Mar 2020 Evaluate

Navneet Education has raised Rs 50 crore and allotted 1000 units of Commercial Paper (CP) of Rs 5,00,000 each at a discount rate of 5.70% p.a. The redemption date of the said CPs is May 20, 2020. The CPs were issued in the favour of Mahindra Liquid Fund and Mahindra Ultra Short Term Yojana.

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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