Carmaker Fiat Automobiles India today said it has funds amounting to Rs 2500 crore by a consortium of national and international lenders arranged to support the company's activities and production of vehicles. The investments for projects including the production of propulsion and Fiat and Tata branded cars used on the company's Ranjangaon plant, Fiat India Automobiles (Fiol), said in a statement. "The company has syndicated three, secured credit facility agreement with a consortium of Indian and international banks for a total amount of Rs 2500 crore completed," it said. The company invests the Rs 4000 crore for the activities in the country have said the syndicated loan arranged by Citibank NA has been.Source: http://www.business-standard.com/india/news/fiat-india-secures-fundsup-to-rs-2500-crore/368011/
