Tata Group Readies Over Rs. 7,600 Cr. To Fund Its Electronics Business
According to a media report from The Economic Times, the Tata Group has lined up over Rs. 7,600 crores worth of funds for Tata Electronics, its electronic component and contract manufacturing business. Recent filings made to the Registrar of Companies (RoC) also revealed that Tata Sons has facilitated a capital infusion of over Rs. 608 crores in its subsidiary Tata Electronics in FY23. With this, the company has nearly utilised most of its funding limit from the parent company.
Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH
Source: Business Today
Date: May 31, 2023
According to a media report from The Economic Times, the Tata Group has lined up over Rs. 7,600 crores worth of funds for Tata Electronics, its electronic component and contract manufacturing business. Recent filings made to the Registrar of Companies (RoC) also revealed that Tata Sons has facilitated a capital infusion of over Rs. 608 crores in its subsidiary Tata Electronics in FY23. With this, the company has nearly utilised most of its funding limit from the parent company.
Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH
Source: Business Today
Date: May 31, 2023