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Reliance Jio Infocomm to issue 2-month CP, Traders

India’s Reliance Jio Infocomm plans to raise funds from the sale of commercial papers maturing in two months, three merchant bankers said on Wednesday.

The company will offer a yield of 6.79% on this issue and it has received commitments worth around 50 billion rupees ($614.42 million) so far, the bankers said. Reuters

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