Germany’s DEG to extend $23.3m loan to India's Mahansaria Tyres

German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG) has committed to extend a senior loan package of €20.98 million ($23.3 million) to Mahansaria Tyres Private Limited (MPTL), an Indian off-highway tyre making company owned by serial entrepreneur Yogesh Mahansaria and his father Ashok.