Tata Sons repays Rs 20k cr debt to 'avoid' going public: Reduces stake in TCS and more
Tata Sons has voluntarily surrendered its RBI registration after repaying more than Rs 20,000 crore in debt to avoid mandatory listing. The company sold shares in TCS and received significant dividends from various listed companies such as TCS, Tata Motors, and Tata Steel. This strategic move allows it to stay unlisted.
DNA News Desk
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Tata Sons has voluntarily surrendered its RBI registration after repaying more than Rs 20,000 crore in debt to avoid mandatory listing. The company sold shares in TCS and received significant dividends from various listed companies such as TCS, Tata Motors, and Tata Steel. This strategic move allows it to stay unlisted.
