India: Tata Motors hires State Bank to secure loan

According to a Bloomberg report, Tata Motors has hired State Bank of India to assist it in borrowing US$500m in a term loan. The two-part facility is reported to consist of a US$200m portion which matures in five years and a US$300m portion which matures in seven. Lenders committing US$20m or Subscribe to Automotive World … Continued

• By Webmaster
• September 1, 2011