Tata Electronics in talks to raise $2 bn
Mumbai: Tata Group's semiconductor business is in initial discussions with domestic and international banks to raise up to $2 billion through multiple loan tranches to fund its expansion…
Attributed summary
Mumbai: Tata Group's semiconductor business is in initial discussions with domestic and international banks to raise up to $2 billion through multiple loan tranches to fund its expansion plans, according to people familiar with the discussions.The first tranche is likely to be up to $800 million, with initial pricing discussions around SOFR plus 180 basis points. The talks are at an early stage, with the final size, pricing and lender…
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