Indian Oil Corporation's GIFT City unit has financed over $250 million for its group companies in a year, optimizing borrowing costs. The unit refinances loans, provides credit lines, and facilitates inter-group lending. It aims to reach $1 billion in deals within the next 8-10 months and serves as the preferred vehicle for future overseas investments, like the recent $78.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.