Tata Sons, the holding company of India's second largest conglomerate, made its debut in the overseas markets at the start of October when it raised $100 million through a five-year syndicated loan. FinanceAsia talks to Phillie Karkar, vice president, and Farokh Subedar, senior vice president.
This was your first time raising funds overseas. How did it go
PK Yes, it's a debut transaction for us. We are very happy with the response and Barclays has been very helpful in doing a very professional job.
What are the funds going to be used for
For general corporate purposes, which is the stated purpose in our application and...