New Issue-Amtek India issues CP at 5.02 percent

Newswire

BOMBAY, March 24 (Reuters) - Auto parts maker Amtek India Ltd raised 200 million rupees through a 90-day commercial paper (CP) issue on Wednesday, money market dealers said. The paper was placed with a state-run bank at 5.02 percent. The term begins on March 31. The issue has been rated 'PR1+' or 'highest safety' by CARE.

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