Tata Sons, the holding company of Tata Group, has sought shareholders’ approval to raise to Rs 40,000 crore via bonds, including non-convertible debentures, according to a notice sent to shareholders. The shareholders will vote on the proposal on September 14 at the company’s annual general meeting, held online due to the Covid-19 pandemic.
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The enabling resolution will help the company tap the market as and when required for its growth plans. It plans to invest in acquiring Air India in the coming months, which the Indian government is selling.
