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Tata Chemicals defers fund-raising plans
Monday 8th Aug 2011 40
Mumbai : Tata Chemicals today said it had deferred plans to raise $375 million for various projects, both overseas as well as domestic, following the global economic concerns.
"Due to the ongoing global economic concerns, we have deferred our plans of raising $375 million for our various projects. The money was planned to be raised in a mix of debt and bonds," Tata Chemicals Managing Director R Mukundan said, after declaring the first quarter results.
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