MUMBAI, April 10 (Reuters) - India's Grasim Industries
Ltd plans to raise funds by selling commercial papers
maturing in nearly three months, three merchant bankers said on
Monday.
The Aditya Birla Group Company will offer a yield of 6.95%
on this issue, and has received commitments worth around 5
billion rupees ($61 million), the bankers added.
The notes are rated A1+ by Crisil and will mature in end of
June.
($1 = 81.9470 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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