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JBM Auto plans to raise $100-mln debt to expand e-bus lease business

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EXCLUSIVE

JBM Auto plans to raise $100-mln debt to expand e-bus lease business

This story was originally published at 15:04 IST on May 29, 2024  Back
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Automobile components and bus manufacturer JBM Auto Ltd plans to raise $100 mln in debt to expand its electric bus leasing business, according to two company officials. The company plans to use these funds to finance expected growth in the order book of electric buses it offers on a lease basis in India, they said.

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