Announcement

Tuesday, September 28, 2010

TATA Steel in talks with banks to refinance USD 5 billion loan

TATA Steel would finalize plans to refinance USD 5.4 billion loans for its British unit Corus this week.

Mr B Muthuraman vice chairman of TATA Steel told reporters that “The refinance plan for Corus is happening this week.”

However, he declined to name the banks with which

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