MUMBAI, April 13 (Reuters) - India's Reliance Industries plans to raise funds by selling commercial papers
maturing in two months, two merchant bankers said today.
The company will offer a yield of 6.88% on the issue and has
received commitments worth around 8.50 billion rupees ($103.91
million) so far, according to the bankers.
The notes are rated A1+ by CARE Ratings.
($1 = 81.7990 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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