Tata Capital Housing Finance looking to raise $100 million via ECB

Tata Capital Housing Finance looking to raise $100 million via ECB
25/03/2019 , by , in News/Views

Tata Capital, the financial services arm of the diversified conglomerate, will be raising $100 million in foreign borrowings through an arm by next week, a top official has said.

The external commercial borrowing (ECB) being raised by Tata Capital Housing Finance is part of a liabilities diversification programme, Tata Capital managing director and chief executive Rajiv Sabharwal said.

“We will do a borrowing of $100 million before the end of the fiscal year,” Sabharwal told media recently.

The ECB funds will come right after aRs 2,500-crore capital infusion by the parent Tata Sons in two tranches through the course of the fiscal, he said.

 

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