Ind Ra affirms Network18 Media -; Investments' CP at 'IND A1+'; Stock rises

13 Sep 2022 , 01:00 PM

India Ratings and Research (Ind-Ra) has affirmed Network18 Media & Investments Limited’s commercial paper (CP) rating at ‘IND A1+’.

The size of the issue is Rs15 billion and the maturity date 365 days.

As per the rating rationale report, to arrive at the rating, Ind-Ra continues to take a consolidated view of Network18 and its subsidiaries, owing to the robust operational and strategic linkages among them.

At around 12:57 PM, Network18 Media was tradaing at Rs74.60 per share higher by 0.74% as against previous closing of Rs74.05 per share on the BSE.

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