The boards of Tata Motors Finance and Tata Motors Finance Solutions (TMFSL), the in-house financiers of Tata Motors vehicles, have approved plans to sell part of their loan assets and receivables of up to Rs 12,000 crore and Rs 2,500 crore, respectively, through securitisation or direct assignment of cash flows.
The move will free up capital for both companies and the proceeds will be used to push sales of parent Tata Motors — which is showing a steady growth in sales in the recent months with a 27 per cent rise for the month of February alone.
Complete News Source : Business Standard
