MUMBAI, Feb 2 (Reuters) - India's Godrej Industries plans to raise funds through the sale of commercial
papers maturing in three months, three merchant bankers said on
Thursday.
The company will offer a yield of 7.39% on the issue and has
received commitments worth about 750 million Indian rupees
($9.12 million) so far, the bankers said.
The notes are rated A1+ by ICRA and will mature on May 13.
($1 = 82.1980 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
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