($1 = 82.0550 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, March 8 (Reuters) - India's Mahindra and Mahindra
Financial Services plans to raise funds through the
sale of commercial papers maturing in one year, three merchant
bankers said on Wednesday.
The non-banking finance company will offer a yield of 8.26%
on this issue, and has received commitments worth around 7.50
billion rupees ($91.40 million) so far, they said.
The notes of the company are rated A1+ by Crisil.
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