MUMBAI, Feb 23 (Reuters) - India's Network18 Media &
Investments plans to raise funds selling commercial
papers maturing in three months, three merchant bankers said on
Thursday.
The company will offer a yield of 7.57% on this issue for
which it has received commitments worth around 1 billion Indian
rupees ($12.08 million) so far, the bankers said.
The notes are rated A1+ by ICRA.
($1 = 82.7580 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
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