India Digest: Tata Sons ups stake in group firms; Sequoia invests in Finova Capital

India Digest: Tata Sons ups stake in group firms; Sequoia invests in Finova Capital

Photo: Reuters

In a move to restructure its investment portfolio, Tata Sons is increasing its stake in Tata Global Beverages Ltd (TGBL) and Tata Chemicals Ltd by up to 6.84% and 4.39% respectively for a total consideration of Rs 1,458 crore. Meanwhile, Finova Capital has raised an undisclosed amount in Series A financing from Sequoia India.

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