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Tata Sons Lines Up Rs 10161 Crore Investment For Group Companies

TATA

Tata Sons Set To Invest Rs 10,161 Crore In Group Companies, Says Report

Tata Sons, the investment holding company of Tata Group, has approved Rs 10,161 crore investment plan that focuses on the conglomerate’s finance, insurance, defence, realty and retail units, The Economic Times reported.
The investment budget also includes Rs 1,600 crore earmarked for a possible acquisition of IDBI Federal Life Insurance. Tata Sons have reportedly decided to invest up to Rs 1,800 crore in Tata Advance Systems, Rs 1,750 crore in Tata Realty & Infrastructure, among others. Tata Sons, the investment holding company of Tata Group, has approved Rs 10,161 crore investment plan that focuses on the conglomerate’s finance, insurance, defence, realty and retail units, The Economic Times reported.
Tata Sons has reportedly decided to invest up to Rs 1,800 crore in Tata Advance Systems, Rs 1,750 crore in Tata Realty & Infrastructure, Rs 2,500 crore in Tata Capital, Rs 260 crore in Tata AIG General Insurance, Rs 250 crore in Infiniti Retail and Rs 2,001 crore in subsidiary holding company Panatone Finvest, according to documents seen by the newspaper. The investment budget also includes Rs 1,600 crore earmarked for a possible acquisition of IDBI Federal Life Insurance. N Chandrasekaran, Tata’s chairman,  is looking to cut the unprofitable and unscalable businesses to concentrate more on sectors and companies expected to clock a high growth rate.
Source: https://www.cnbctv18.com/finance/tata-sons-set-to-invest-rs-10161-crore-in-group-companies-says-report-370491.htm