Tenneco Clean Air India is set to raise ₹3,600 crore via an offer for sale, reducing its promoter stake to 74.8%. The auto components firm, a subsidiary of US-based Tenneco Inc., leads in clean air solutions and shock absorbers.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an