($1 = 82.8170 Indian rupees) (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 22 (Reuters) - India's Poonawalla Fincorp
Ltd plans to raise 1 billion rupees ($12.1 million)
through the sale of bonds maturing in three years, three
merchant bankers said on Wednesday.
The company has invited bids from investors and bankers on
Friday and bidding will take place on the Bombay Stock
Exchange's electronic platform between 10:00 a.m. IST and 11:00
a.m. IST, they said.
The bonds are rated AA+ by CRISIL and the issue will be
settled next week.
In September, the company raised 500 million rupees through
zero-coupon bonds maturing in two years and one month.
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