National carrier Air India is looking to raise Rs 500 crore through short-term borrowings to meet its working capital requirements.
The short-term loan (STL) will be drawn in September in one or more tranches, according to the bid document.
"Air India is inviting bids for government-guaranteed short-term loans (STLs) totalling to Rs 500 crore to meet its urgent working capital requirements," the bid document said.
The tenure of the loan will be for one year (renewable) from the date of availing the STL, it added.
The banks have been asked to submit their bids by September 10.
08/09/18 PTI/CNBC TV18
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The short-term loan (STL) will be drawn in September in one or more tranches, according to the bid document.
"Air India is inviting bids for government-guaranteed short-term loans (STLs) totalling to Rs 500 crore to meet its urgent working capital requirements," the bid document said.
The tenure of the loan will be for one year (renewable) from the date of availing the STL, it added.
The banks have been asked to submit their bids by September 10.
08/09/18 PTI/CNBC TV18
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