Tata Motors Finance (TMF) has entered into a strategic funding agreement with Pallia Trans Logistics Ltd.The comprehensive credit line, amounting to INR 22 Crore, includes a repurchase and refinance structure.
The capital infusion enables Pallia Trans Logistics Ltd. to successfully complete the strategic acquisition of assets from a logistics company in the Car Carrier space. This move supports the company's expansion plans and positions it to meet the surging demand, particularly during the festive season.
Vipul Nanda, Chairman and Managing Director, Pallia Trans Logistics Ltd., said that the timely completion of the planned asset acquisition is expected to drive the company's growth trajectory, enhancing its capabilities to provide more reliable and efficient logistics services across India.
Samrat Gupta, MD & CEO, Tata Motors Finance, emphasised that the strategic collaboration not only strengthens TMF's influence in pre-owned Commercial Vehicle financing but also solidifies its position as a life cycle financier.
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