The company will offer a yield of 5.90% on this issue, and has received commitments worth around 10 billion rupees ($126.25 million) so far, the bankers said.

The notes are rated A1+ by CRISIL and the issue will mature on Nov. 30.

($1 = 79.2060 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia; Editing by Vidya Ranganathan)