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UltraTech Cement will offer a yield of 5.88% on this issue.
Mumbai:
UltraTech Cement Ltd plans to raise funds selling commercial papers maturing in three months, two merchant bankers said on Thursday.
The company will offer a yield of 5.88% on this issue, and has received commitments worth around 7.50 billion rupees ($94.60 million), they said.
The notes are rated A1 by India Ratings.
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