Indian Oil eyes C$900m for Canada acquisition
Indian Oil Corp has sent out a request for proposals to banks for a one year bridge loan of C$900m ($847m), as it seeks funds to finance an acquisition in Canada.
The RFP was sent in the last week of December, according to a banker, with a deadline of January 15 provided to potential lenders.
Indian Oil’s fundraising plan comes simultaneous to its $500m three year
, which hit the general market on
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