JSW Plans ₹4,000-Cr Debt for the Deal

THE JSW GROUP is in talks with global lenders to raise about ₹4,000 crore ($468 million) to partly fund its purchase of Akzo Nobel's local business, according to people familiar with the matter.

- SAIKAT DAS

Foreign banks including Barclays, Mitsubishi UFJ Financial Group and Standard Chartered Bank will arrange the debt, which is expected to be denominated in rupees, said the people, who asked not to be identified because the information is confidential.