Tata Commmunications taking sustainable route for $1 billion fundraising goal

Mumbai: Tata Communications is going the sustainable way when it comes to raising funds, with the telecom company hiring Bank of America (BofA) to advise it for a financing framework which aims to unlock access to funds of around $1 billion over the next two years.

The bank is advising the Tata Group company on a Sustainability-Linked Loan (SLL) framework which introduces targets related to environmental, social and governance (ESG) standards for fundraising, people aware of the developments told ET.