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Tata Sons Resorts To Short-Term Borrowing As Investor Pool Narrows
Tata Sons resorted to short-term borrowings as conversion to a private company narrowed the pool of investors.
30 Dec 2019, 01:18 PM IST
Tata Sons Pvt. Ltd. has resorted to short-term borrowings as conversion to a private company following a dispute with ousted Chairman Cyrus Mistry narrowed the pool of investors for the parent of India’s largest conglomerate.In the last two years, the holding company of the salt-to-software Tata Group has started borrowing via short-term borrowings. Prior to turning a private limited company, it raised funds through long-term instrum...
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