Feb
28

India as Best-of-Weakest Makes Loan Bankers Tata Hope

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  • Four Tata firms sought or are seeking total $2.5 billion loans
  • India Ratings says nation is `like picking best among weakest’

India’s biggest conglomerate is asking loan bankers for almost as much money as global fund managers have pulled from the nation’s stock and bond markets this year.

Tata Communications Ltd., Tata Motors Ltd., Tata Power Co. and Tata Steel Ltd. sought or are seeking to borrow a combined total of about $2.5 billion in syndicated loans. That compares with the $2.7 billion that foreigners have pulled from the nation’s equity and bond markets this year amid an emerging market rout…

India as Best-of-Weakest Makes Loan Bankers Tata Hope

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