According to industry sources, Reliance Jio Infocomm Limited is planning to raise funds through the sale of commercial papers (CPs). The maturity period of the CPs is likely to be of two months.
As per sources, the company will offer a yield of 6.79 per cent on this issue. Meanwhile, it has received commitments worth around Rs 50 billion (approximately $614.42 million) so far. Besides, the notes are rated A1+ by CARE Ratings.
