 "Tata Capital Financial Services eyes to double loan book to Rs 500 billion")
The board of Tata Capital Financial Services (TCFSL) is meeting on June 17 to take a call on raising up to $1.5 billion by way of an euro medium term note programme.
This will be one of the largest fundraising overseas by Indian non-banking financial companies (NBFCs) in the last three years. TCFSL, a subsidiary of Tata Capital, will be using the funds to retire old loans and for its lending business.
According to a source close to the development, the financial services business of the Tata group received Rs 2,500 crore fund infusion from its promoter Tata Sons in the fiscal
