Tata Group eyes stake sales in financial services units

Tata Group eyes stake sales in financial services units

Overall, the value of LIC’s holdings in listed Tata firms came down by Rs2,371 crore or 6.4% between 24 October, when the Tata Sons board suddenly ousted Mistry, and the end of December. Photo: Ramesh Pathania/Mint

Tata Sons Ltd is considering selling stakes in some of its financial services units, a move that the company hopes will help unlock value and raise funds for investments in newer businesses such as online retail, two people directly aware of the company’s plans said.

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