MUMBAI, March 21 (Reuters) - India's Redington Ltd plans to raise funds through a sale of commercial
papers maturing in three months, three merchant bankers said on
Tuesday.
The information technology company will offer a yield of
7.72% on the issue and has received commitments worth about 2
billion Indian rupees ($24.22 million) so far, the bankers said.
The notes are rated A1+ by ICRA.
($1 = 82.5760 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shweta Agarwal)
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