MUMBAI, April 19 (Reuters) - India's Birla Group
Holdings plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on
Wednesday.
The company will offer a yield of 7.61% on the issue, for
which it has received commitments worth around 4.50 billion
Indian rupees ($54.76 million) so far, they said.
The notes are rated A1+ by ICRA.
($1 = 82.1770 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Devika Syamnath)
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