 "Birla Group Holdings to raise funds through sale of commercial papers")
MUMBAI (Reuters) - India's Birla Group Holdings 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 7.85% for this issue for which it has received commitments worth around 2 billion rupees ($24.62 million) so far, they said.
The notes are rated A1+ by ICRA.
($1 = 81.2400 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
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