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Tata Steel ties up with clutch of banks to raise $4 billion debt

2014-09-17 02:59:12| Steel - Topix.net

Tata steel, India's largest steel producer, has tied up foreign debt of nearly $4 billion from a clutch of foreign and state-owned bank s. The loan, designated in Euro and sterling pound, is aimed at refinancing the existing debt the company raised to acquire the UK-based steel company Corus Group Plc.

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