MUMBAI, April 10 (Reuters) - India's Reliance Industries
Ltd plans to raise funds by selling commercial papers
maturing in more than two months, two merchant bankers said on
Monday.
The company will offer a yield of 6.98% on the issue and has
received commitments worth around 10 billion Indian rupees
($122.03 million) so far, according to the bankers.
The notes are rated "A1+" by CARE Ratings.
($1 = 81.9470 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shounak Dasgupta)
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