Aditya Birla Finance to issue 3-month CP - traders

India's Aditya Birla Finance plans to raise funds by selling commercial papers maturing in three months, three merchant bankers said on Thursday.

The company will offer a yield of 7.13% on this issue, and has received commitments worth around 1 billion rupees ($12.33 million) so far, they said.

The notes are rated A1+ by ICRA.

($1 = 81.0900 Indian rupees)