Reliance Jio Infocomm Limited to raise funds via sale of commercial papers

Reliance Jio Infocomm Limited is planning to raise funds through the sale of commercial papers. The maturity period of the commercial papers will likely be two months. 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.