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Sunday, April 15, 2012

AI To Raise $ 1 Billion Capital From Overseas

Two days after the government gave green signal to a turnaround plan of Air India, the cash-strapped national carrier invited merchant bankers to raise working capital loans up to USD 1 billion from overseas markets.

The move follows the government allowing AI to borrow up to USD 1 billion annually through the external commercial borrowing (ECB) route.

From: http://ping.fm/POwxR

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