TVS Mobility, led by TS Rajam's successors, is seeking to raise Rs 2,000 crore from banks and credit funds. The funds will be used for capital expenditure and debt repayments. Standard Chartered Bank is anchoring the fundraising. TVS Mobility had previously secured short-term loans to repay dues to Kotak Special Situations Fund.
from Auto-Industry-Economic Times https://ift.tt/kXY2IOM
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