M&A

SBI, others in race to buy loan portfolio of Tata Motors' finance units

Business Standard  

State Bank of India is in talks with Tata Motors finance arms to acquire the private firm's automobile loan portfolio of up to INR 14,500 crore. Separately, private sector banks have also expressed interest to buy part of the loan portfolios of Tata Motors Finance (TMFL) and Tata Motors Finance Solutions (TMFSL).

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