MUMBAI, March 8 (Reuters) - Redington (India) plans to raise funds by selling commercial papers maturing
within this month, three merchant bankers said on Wednesday.
The company will offer a yield of 7.30% on the issue and has
received commitments worth about 1 billion rupees ($12.18
million) thus far, the bankers said.
The notes are rated A1+ by ICRA and the terms of the deal
were set on Monday.
($1 = 82.0880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
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