SBI initiates fund-raising for Tata Motors

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New Delhi, Mar 19th 2008: State Bank of India led consortium will raise a 3 billion dollars loan by April for Tata Motors' acquisitions abroad, including the 2-billion-dollar Jaguar and Land Rover deal.

Apart from SBI, the consortium will include leading entities like Citibank, Standard Chartered, BNP Paribas, JP Morgan, Tokyo Mitsubishi UFJ and Mizuho Financial Group, a source closely connected to the development told PTI.

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