($1 = 82.5280 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, March 2 (Reuters) - India's Axis Finance plans to
raise funds by selling commercial papers maturing in two months,
three merchant bankers said on Thursday.
The company will offer a yield of 7.89% on this issue and
has received commitments worth around 1 billion rupees ($12.12
million) so far, the bankers said.
The notes are rated A1+ by India Ratings.
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