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Tata Group co Talace seeks Rs.23,000-Cr loan to fund Air India acquisition

Economic Times  

Tata Sons-promoted Talace Pvt Ltd is seeking a INR 23,000 crore, one-year loan at near sovereign rates to fund the acquisition of flag carrier Air India and its initial operating costs. Tata proposes to raise an unrated, unsecured, general-purpose loan from Air India's existing lenders at an annual interest rate of 4-5%