MUMBAI, March 9 (Reuters) - India's Larsen & Toubro plans to raise funds through the sale of commercial
papers maturing within March, three merchant bankers said on
Thursday.
The company will offer a yield of 7.15% on this issue, and
has received commitments worth around 13 billion Indian rupees
($158.44 million) so far, the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 82.0520 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Vinay Dwivedi)
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