The country's largest automaker, Tata Motors Ltd on Wednesday said it has entered into an agreement with private sector lender IndusInd Bank for financing its dealers.
The agreement will allow dealers of Tata Motors access to finance from IndusInd Bank to meet their working capital requirements in addition to the existing retail finance arrangements, the auto maker said in a statement.
On Wednesday, Tata Motors shares ended 1.3% up at Rs778.35 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points. IndusInd shares ended 0.2% down at Rs205.
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