Thursday, November 23, 2017
News

AI seeks STL worth over Rs 3,000 crore

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Thursday, 2017 1:45:04 AM IST
 
National passenger carrier Air India has invited bids from banks for Rs 3,250 crore government guarantee backed "Short Term Loans" (STLs).

The airline has called for financial bids by September 19.

"Air India is looking for Government Guarantee backed INR STLs totaling upto Rs 3,250 crore in the first phase to meet its urgent working capital requirements by 25th Sept 2017," the airline said in a tender document which was released on Wednesday.

"The tenure of the loan will be for a period of one year from the date of availing the STL. The amount... will be drawn in two or three tranches."

The airline said that the guarantee is expected shortly, and will be valid for a period of one year or till the date of disinvestment.

--IANS rv/sku/

( 142 Words)

2017-09-14-01:20:11 (IANS)

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE BUSINESS NEWS
Nation should ensure digital space does ...
President approves bankruptcy code ordin...
President approves bankruptcy code ordin...
Astrum India launches foldable Bluetooth...
QS University Rankings: BRICS 2018 - Jin...
'Punjab will assist women start-ups in e...
More...
 
INDIA WORLD ASIA
Cancer 'divine justice' for our sins, sa...
Centre to reintroduce Bill to grant Cons...
Jan Dhan, Aadhar, Mobile have helped bri...
IAF hails BrahMos missile successful tes...
India's annual diesel consumption to ris...
Major quake likely to hit north India, s...
More...    
 
 Top Stories
India look to extend dominance in s... 
President approves bankruptcy code ... 
President approves bankruptcy code ... 
45,000 Kerala classrooms to go hi-t... 
Ruling AIADMK faction gets 'two lea... 
Australia-based Kerala painter to c... 
Astrum India launches foldable Blue... 
Ashamed to call myself citizen of t...