With the aim to finance its acquisition of Groupe Danone`s stake in Britannia Industries, Bombay Burmah Trading Corporation, the overseas branch of Wadia, will raise USD 200 million from the international markets.

While Bombay Burmah is in discussion with foreign banks for the transaction, one of the Wadia group’s holding companies seems to be standing guarantee for the loan.

For the loan, at least Libor-plus 500 basis points will have to be paid by Bombay Burmah.

It has been learnt that an equal amount of stakes are held by Wadias and Danone in the London-based ABIL Holdings.  ABIL has 51% stakes in Britannia.