MUMBAI, Aug 8 (Reuters) - India's Reliance Retail Ventures
plans to raise funds selling commercial papers maturing in three
months, two merchant bankers said on Monday.
The company, a unit of Reliance Industries Ltd,
will offer a yield of 5.92% on the issue and has received
commitments worth around 5 billion rupees ($62.76 million),
according to the bankers.
The notes are rated A1+ by CRISIL.
($1 = 79.6640 Indian rupees)
(Reporting by Dharamraj Lalit Dhutia; Editing by Shounak