Tata Group firms look to Singapore to raise funds

In 2013 itself Tata Motors, Tata Communications & Tata Steel have raised Rs 4,000 cr through Singapore Dollar-denominated bonds

Tata Group companies are increasingly taking the road to Singapore to raise funds, taking advantage of the country's sound economic and institutional strength. In 2013 itself, three Tata companies — Tata Motors, Tata Communications and Tata Steel — have raised an aggregate of almost Rs 4,000 crore, through the issuance of Singapore dollar-denominated bonds. In a recent move, a Singapore-based Tata Motors subsidiary, TML Holdings Pte, which owns UK-based Jaguar Land Rover Automotive Plc, is reportedly in talks with banks to raise S$500 million (about Rs 2,500 crore) ...