Tata Sons, the wholly owned subsidiary of Tata Group, has approved a Rs 10,161-crore investment plan for sectors like real estate, retail and defence among others, chairman N Chandrasekaran, said reiterating that the company is aggressively betting on these sectors and is in the process of trimming unprofitable and un-scalable segments in order to concentrate more on sectors and companies expected to clock a high growth rate. Tata Sons took the decisions in its recent board meetings when it decided to invest about Rs 1,750 crore in Tata Realty & Infrastructure, Rs 2,500 crore. Tata Sons is expecting a windfall from the Rs 16,000 crore buyback program launched by Tata Consultancy Services (TCS), the group's most profitable company.
📅Published on:
26 July 2018
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