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Ria Jain made post

Why is Tata Sons looking to raise funds aggressively up to $1 billion on behalf of Tata Motors and Tata Power?

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Anu Biswas answered.
3 weeks ago

Tata Sons, the holding company of the Tata Group, is looking at a $1 billion fund-raising program to finance fresh equity infusion into group companies. This would include some of the stressed group companies like Tata Motors and Tata Power. Both these companies have been hit by the pandemic and the subsequent lockdown.

The actual modalities are yet to be finalized but the Tata Sons board is exploring various options to raise funds in rupees and dollars.