01-01-1970 12:00 AM | Source: Reuters
Birla Group Holdings to issue 3-month CP .
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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)
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