Mumbai: Tata Steel, which emerged as the successful bidder for stressed alloy maker Bhushan Steel in the bankruptcy process, is raising up to Rs 17,000 crore in loans from a consortium of about six private and foreign financiers, said three people with direct knowledge of the matter.
The company is in talks with lenders including HDFC Bank, Yes Bank, Standard Chartered Bank, DBS Bank, Kotak Bank Mahindra Bank and mortgage financier HDFC Ltd.
Standard Chartered Bank declined to comment on the matter while other banks did not respond to ETs emails until the publication of this report. Queries sent to Tata Steel remained unanswered.
The loan should be priced and finalised this week as talks are going on at an advanced stage, one of perso…
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