India: Tata Sons may raise $1b to finance a fresh equity infusion into group firms

India: Tata Sons may raise $1b to finance a fresh equity infusion into group firms

Tata Sons Ltd is considering a $1 billion fund-raise to finance a fresh equity infusion into group companies, including Tata Motors Ltd and Tata Power Ltd, two people aware of the development said.

The board of the Tata group holding company discussed possible avenues for the fund-raise at its meeting on Friday, the people cited above said on condition of anonymity.

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