{"id":28760,"date":"2023-11-10T13:01:36","date_gmt":"2023-11-10T13:01:36","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2023\/11\/10\/tata-motors-finance-and-pallia-trans-logistics-ltd-announce-rs-22-crore-funding-pact\/"},"modified":"2023-11-10T13:01:36","modified_gmt":"2023-11-10T13:01:36","slug":"tata-motors-finance-and-pallia-trans-logistics-ltd-announce-rs-22-crore-funding-pact","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2023\/11\/10\/tata-motors-finance-and-pallia-trans-logistics-ltd-announce-rs-22-crore-funding-pact\/","title":{"rendered":"Tata Motors Finance and Pallia Trans Logistics Ltd. Announce Rs 22 Crore Funding Pact"},"content":{"rendered":"<div>\n<p>Vipul Nanda, Chairman and Managing Director \u2013 Pallia Trans Logistics Ltd<\/p>\n<p><strong>Mumbai (Maharashtra) [India], November 10<\/strong>: Tata Motors Finance (TMF), one of India\u2019s leading automotive financiers, has formalized a strategic funding pact with Pallia Trans Logistics Ltd., a major player in the Car Carrier logistics segment. The operating scope of the comprehensive credit line contains a repurchase and refinance structure amounting Rs 22 Crores. The development marks a significant partnership milestone, further strengthening the long-standing association between both entities.<\/p>\n<p>This capital infusion has empowered Pallia Trans Logistics Ltd. to complete strategic acquisition of assets of a logistics company in the Car Carrier space, facilitating the company\u2019s expansion plans, and enabling them to meet the surging demand, particularly in the backdrop of festive season.<\/p>\n<p>\u201cWe are excited about the opportunities and prospects this partnership presents\u201d said Vipul Nanda, Chairman and Managing Director \u2013 Pallia Trans Logistics Ltd. He added, \u201cTeaming up with Tata Motors Finance for this strategic funding arrangement marks a remarkable leap forward for us. TMF\u2019s speed and precision in structuring the transaction proved to be a key differentiator, enabling us to timely complete our planned asset acquisition. This acquisition will steer our growth trajectory and elevate our capabilities to provide even more reliable and efficient logistics services to our clients across India.\u201d<\/p>\n<p>Samrat Gupta, MD &amp; CEO, Tata Motors Finance, emphasized the enduring relationship between both companies and expressed his delight on the development, saying, \u201cTata Motors Finance shares a decade long relationship with Pallia Trans Logistics Ltd. Our strategic collaboration with Pallia Trans Logistics Ltd. not only underscores our growing influence in the pre-owned Commercial Vehicle financing but also consolidates our position as a life cycle financier offering tailored solutions that fully align with the diverse needs of our customers. Upholding the renewed spirit of Winning Together, we are committed to foster growth within the automotive and logistics space.\u201d<\/p>\n<p>About Tata Motors Finance Ltd:<\/p>\n<p>Tata Motors Finance Limited (TMFL) is the leading and most preferred financial Institution engaged in financing the entire range of Tata Motors Commercial Vehicle. It is a non-deposit taking systemically important (ND-SI) NBFC. TMFL is one of the pioneers of vehicle financing established way back in 1957 under a different name. The company has a strong footprint across India and operates through its own 350+ branch networks, in addition to Tata Motors dealers\u2019 sales outlets. TMFL\u2019s business interests are focused on benefiting the parent company and its strategic partners within the Tata Motors eco-system.<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vipul Nanda, Chairman and Managing Director \u2013 Pallia Trans Logistics Ltd Mumbai (Maharashtra) [India], November 10: Tata Motors Finance (TMF), one of India\u2019s leading automotive financiers, has formalized a strategic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":179},"categories":[4],"tags":[54],"class_list":["post-28760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/28760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=28760"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/28760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/28761"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=28760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=28760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=28760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}