Tata Power Mulls $450 Million Loan Backed by Offshore Units


The company is seeking a five-year loan through the so-called external commercial borrowing route that would be backed by shares it holds in its subsidiaries in Indonesia and Singapore, the people said, asking not to be identified because the discussions are private. The talks are at an early stage, and key terms, including pricing, have yet to be finalized, the people said.



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