MUMBAI, Aug 10 (Reuters) - India's Tata Motors Finance Ltd plans to raise funds selling commercial papers maturing in one year, three merchant bankers said on Wednesday.
The company will offer a yield of 7.25% on the issue and has received commitments worth around 500 million rupees ($6.29 million) so far, the bankers added.
The notes are rated A1+ by ICRA.
($1 = 79.4980 Indian rupees) (Reporting by Dharamraj Lalit Dhutia; Editing by Shounak Dasgupta)
