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Where Will The Tatas Park Their Money?

Where Will The Tatas Park Their Money?
outlookindia.com
-0001-11-30T00:00:00+0553
TCS IPO Issue Proceeds Rs 5,545 crore*

Pallonji Mistry Family Rs 252.36 crore

Two Tata Trusts Rs 1,500 crore

TCS Ltd Rs 2,277.5 crore Will pay Rs 2,300 crore to Tata Sons for transfer of assets to the new company

Tata Sons Rs 1,445.71 crore +Rs 832 crore**

  • Will retire part of the burgeoning debt (Rs 3,285 crore)

  • Partly fund its ambitious plan to invest $2 billion over the next few years in the telecom sector

  • Assist Tata Power’s blueprint to invest Rs 6,000 crore in the next five years

  • Venture into new areas like biotech and life sciences

  • Expand operations in financial services, including insurance

* Based on a price of Rs 1,000 per share without including the green-shoe option

** Additional amount in case the green-shoe option is exercised

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