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Tata Motors finance arms to sell loan assets of Rs.14,500-Cr

Business Standard  

The boards of Tata Motors Finance and Tata Motors Finance Solutions (TMFSL), the in-house financiers of Tata Motors vehicles, have approved plans to sell part of their loan assets and receivables of up to INR 12,000 crore and INR 2,500 crore, respectively, through securitisation or direct assignment of cash flows. The move will free up capital for both companies and the proceeds will be used to push sales of parent Tata Motors.