MUMBAI, Aug 11 (Reuters) - India’s Shriram Transport Finance Company Ltd plans to raise 33 billion rupees ($416.19 million) through a sale of bonds maturing in 10 years, three merchant bankers said on Thursday.

The non-banking finance company has invited coupon and commitment bids from bankers and investors for the same on Friday, they said.

The notes are rated AA+ by CRISIL and the issue will close for subscription on Aug. 17. ($1 = 79.2900 Indian rupees) (Reporting by Dharamraj Lalit Dhutia)