MUMBAI, April 25 (Reuters) - India's Birla Group
Holdings plans to raise funds by selling commercial papers
maturing in one year, three merchant bankers said on Tuesday.
The company will offer a yield of 8.55% on the issue, for
which it has received commitments worth around 2.50 billion
Indian rupees ($30.53 million) so far, the merchant bankers
said.
The notes are rated "A1+" by ICRA.
($1 = 81.8960 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shilpi Majumdar)
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