If Tata Sons reorganises debt by repaying borrowing or transferring the holding in Tata Capital to another entity, it may get deregistered as a core investment company (CIC) and upper-layer NBFC.
A week after annoucing the acquisition deals of Capital Foods and Organic India, Tata Consumer board approved Rs 6,500-crore fundraising plan through commercial papers and rights issue to pay for the deals.
Tata Consumer Products, the consumer goods arm of the Tata Group has agreed to acquire 100 per cent shares in Capital Foods, and Organic India for a total consideration of Rs7,000 crore.
The Tata Group has lined up major investments in Gujarat, including the building of a 20 GW Lithium-Ion factory and a semi-conductor fabrication unit, to be built in Dholers, Tata Group CEO Natarajan