An Indian Oil Corp’s unit has signed its first deal in GIFT City, Gandhinagar to raise a $100 million loan from DBS Bank Singapore, the country’s top refiner said in a statement on Tuesday.IOC Global Capital Management IFSC Limited (IGCMIL), the wholly owned unit of Indian Oil, will use the funds to refinance the parent’s existing external commercial borrowing.Through IGCML, the group aims to bring greater coherence and control to overseas investments, Indian Oil chairman Shrikant…
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