MUMBAI, May 4 (Reuters) - India's Aditya Birla Fashion
and Retail plans to raise funds by selling commercial
papers maturing in three months, three merchant bankers said on
Thursday.
The company will offer a yield of 7.23% on the issue, and
has received commitments worth around 1 billion Indian rupees
($12.24 million) so far, they said.
The notes are rated A1+ by ICRA and have a value date of May
8.
($1 = 81.7250 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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