($1 = 81.8100 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sohini Goswami)
MUMBAI, May 3 (Reuters) - India's Vivriti Capital Pvt
Ltd plans to raise 500 million rupees ($6.11 million) through
the sale of bonds maturing in two years, two merchant bankers
said on Wednesday.
The company has invited bids from investors and merchant
bankers for the bond issue on Thursday.
The issue has a greenshoe option to retain an additional
subscription of 500 million rupees.
The bonds are rated A by Care Ratings and the issue will be
settled later this week.
In March, the company raised 1 billion rupees via bonds
maturing in two years and two months at a coupon that was 303
basis points over the 10-year government bond yield.
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