Thursday, January 9, 2025

TVS Mobility raises Rs 1,800 cr debt from multiple investors

TVS Mobility has secured a debt fundraising of '1800 crore through a three-tranche loan. Standard Chartered Bank, Nomura, and other lenders are involved. The funds will be used for capital expenditure and debt repayment across its closely held businesses. TVS Mobility did not respond to queries on the funding plan. The transaction is managed by Standard Chartered Bank.

from Auto-Industry-Economic Times https://ift.tt/DvqeOEd

No comments:

Post a Comment

iPhone 17 Series May Have 12GB RAM; iPhone 18 Lineup Tipped to Support Improved Memory

iPhone 17 series will likely come with support for more RAM than the existing iPhone 16 lineup. A tipster has claimed that the purported sma...