MUMBAI, Feb 10 (Reuters) - India's Reliance Retail
Ventures plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on Friday.
The company, a unit of conglomerate Reliance Industries,
will offer a yield of 7.32% on the issue and has received
commitments worth around 24 billion rupees ($290.80 million) so
far, according to the merchant bankers.
The notes are rated A1+ by CRISIL.
($1 = 82.5300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry
Jacob-Phillips
)
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