MUMBAI, Feb 16 (Reuters) - India's Tata Capital, a
subsidiary of Tata Sons, plans to raise funds by selling
commercial papers maturing in three months, three merchant
bankers said on Thursday.
The non-banking financial company will offer a yield of
7.66% on the issue and has received commitments worth around 1
billion rupees ($12.10 million) so far, the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 82.6650 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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