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Under the agreement, IFC will provide the company with a corporate loan of $300 million, which consists of an A-loan of $100 million directly and a syndicated B-loan of $200 million, TISCO informed the Bombay Stock Exchange.
The B-loan would be underwritten by Bank of America Calyon, The Hongkong and Shanghai Banking Corporation and Standard Chartered Bank, it said.
The IFC funding is an important part of the company's financing strategy. The IFC loan will help the company to finance its future projects by way of long term funding, it added.