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This Article is From Apr 27, 2012

Tata Motors looking to raise Rs 3 bn in bonds

Tata Motors looking to raise Rs 3 bn in bonds
Nokia's flagship store in Helsinki.

Tata Motors is in talks with banks to raise Rs 3 billion via bonds, two bankers who have been approached said on Friday.

The maturity of the funds being raised is still under discussion, said these bankers.

"Tata Motors raises debt capital from time to time to increase its debt maturity profile and reduce its interest cost," a company spokesperson said.

Copyright @ Thomson Reuters 2012

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