MUMBAI, Feb 7 (Reuters) - India's Reliance Retail
Ventures plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on
Tuesday.
The company, a unit of conglomerate Reliance Industries,
will offer a yield of 7.30% on the issue and has received
commitments worth around 5 billion Indian rupees ($60.47
million) so far, according to the merchant bankers.
The notes are rated "A1+" by CRISIL and will mature on May
9.
($1 = 82.6920 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Saumyadeb Chakrabarty)
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