Tata Motors settles Singur compensation issue with Vendors

2009 December 24

tags: CNBC-TV18 quoting sources, Singur compensation issue, Tata Motors

by chandra

Tata Motors settles Singur compensation issue with Vendors

Tata Motors settles Singur compensation issue with Vendors: Sources
Tata Motors settles Singur compensation issue with Vendors reports CNBC-TV18 quoting Sources. The company to compensate 75-80% of vendors’ Singur loss. It asks vendors to take bank loan of 80-85% Singur loss. It will repay principal, interest~on vendors’ loan. Almost 80% vendors sign compensation pact with company. The remaining 20% vendors to sign deal with company in January.

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