Tata Sons to build Rs 20,000 crore debt-free company
Tata Sons, India's oldest industrial conglomerate, is one of India's oldest industrial conglomerates. It has interests in electronics, consumer, power, and chemicals. Several companies belonging to the Tata Sons Group are listed on the stock exchanges. However, Tata Sons continues to be an unlisted company.
Dorabji Tata Trust, the majority shareholder of Tata Sons, holds a 28 per cent stake in the Tata Sons Group, while ratan tata Trust holds 24 per cent.
Other shareholders include Cyrus Investments, Sterling Investment, JRD Tata Trusts, Tata education Trust, Tata Steel, Tata Motors, Tata Chemicals and RD Tata Trust. The total value of Tata sons Group is about $ 410 billion.
But, as per RBI norms, Tata Sons Group had to be compulsorily listed on the stock exchange. That is, in september 2022, the RBI defined Tata Sons as a Non-Banking Financial Company (NBFC) (Upper Layer).
The reason for this is the large amount of loans taken by Tata Sons from banks. According to this, Tata Sons will have to be listed on the stock exchange in three years.
Tata Sons, on the other hand, wants to remain an unlisted company. Tata Sons has repaid Rs 20,300 crore of debt to get out of this compulsion. Thus, the risk of the promoter has come down considerably. Also, Tata Sons will continue to be an unlisted company.
Dorabji Tata Trust, the majority shareholder of Tata Sons, holds a 28 per cent stake in the Tata Sons Group, while ratan tata Trust holds 24 per cent.
Other shareholders include Cyrus Investments, Sterling Investment, JRD Tata Trusts, Tata education Trust, Tata Steel, Tata Motors, Tata Chemicals and RD Tata Trust. The total value of Tata sons Group is about $ 410 billion.
But, as per RBI norms, Tata Sons Group had to be compulsorily listed on the stock exchange. That is, in september 2022, the RBI defined Tata Sons as a Non-Banking Financial Company (NBFC) (Upper Layer).
The reason for this is the large amount of loans taken by Tata Sons from banks. According to this, Tata Sons will have to be listed on the stock exchange in three years.
Tata Sons, on the other hand, wants to remain an unlisted company. Tata Sons has repaid Rs 20,300 crore of debt to get out of this compulsion. Thus, the risk of the promoter has come down considerably. Also, Tata Sons will continue to be an unlisted company.