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Tata Capital Financial to raise $1.5 billion overseas to settle old loans


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The board of Tata Capital Financial Services (TCFSL) is meeting on June 17 to take a call on raising up to $1.5 billion by way of an euro medium term note programme. This will be one of the largest fundraising overseas by Indian non-banking financial companies (NBFCs) in the last three years.

TCFSL, a subsidiary of Tata Capital, will be using the funds to retire old loans and for its lending business. According to ...


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