The company will offer a yield of 6.98% on the issue and has
received commitments worth around 35 billion Indian rupees
($427.39 million), the bankers added.
The notes are rated A1+ by CARE Ratings and will mature end
of June.
($1 = 81.8930 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
MUMBAI, April 6 (Reuters) - India's Reliance Industries plans to raise funds selling commercial papers
maturing in nearly three months, two merchant bankers said on
Thursday.
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