MUMBAI, April 24 (Reuters) - India's Reliance Jio
Infocomm plans to raise funds from the sale of commercial papers
maturing in over two months, three merchant bankers said on
Monday.
The company, part of Reliance Industries , will
offer a yield of 7.10% on the issue and has received commitments
worth around 2.50 billion rupees ($30.53 million) so far, the
bankers said.
The notes are rated A1+ by CARE Ratings and will mature on
July 3.
($1 = 81.8970 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
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