TVS Mobility raises Rs 1,800 cr debt from multiple investors

TVS Mobility has secured a debt fundraising of '1800 crore through a three-tranche loan. Standard Chartered Bank, Nomura, and other lenders are involved. The funds will be used for capital expenditure and debt repayment across its closely held businesses. TVS Mobility did not respond to queries on the funding plan. The transaction is managed by Standard Chartered Bank.