($1 = 82.5500 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, March 17 (Reuters) - India's Vardhman Textiles
Ltd has accepted bids worth 1.50 billion rupees ($18.2
million) for bonds maturing in over one year, three merchant
bankers said on Friday.
The company will pay a coupon of 7.70% on the issue for
which it has invited bids from bankers and investors earlier in
the day, they said.
The bonds are rated AA+ by CRISIL and the issue will be
settled next week.
The bonds will mature in March 2024.
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