Tata to sell $1.25b stake in software development unit to pay debt

Tata
Signage for Tata Communications Ltd. is displayed atop of the company's headquarters in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

Tata Sons Ltd., India’s biggest business group, plans to sell $1.25 billion of its stake in Tata Consultancy Ltd., according to terms of the transaction.

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