MUMBAI, April 11 (Reuters) - India's Cholamandalam
Investment and Finance Co Ltd plans to raise funds by
selling commercial papers maturing in six months, three merchant
bankers said on Tuesday.
The financial services company will offer a yield of 8.00%
on the issue and has received commitments worth around 10
billion rupees ($121.8 million) so far, according to the
bankers.
The notes are rated A1+ by ICRA.
($1 = 82.0850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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