MUMBAI, April 12 (Reuters) - India's Reliance Retail
Ventures plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on
Wednesday.
The company, a unit of conglomerate Reliance Industries , will offer a yield of 7.10% on the issue and has
received commitments worth around 30 billion rupees ($365.6
million) so far, according to the merchant bankers.
The notes are rated A1+ by Crisil.
($1 = 82.0550 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
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