BUSINESS

Tata Sons Raising Fresh Debt Upto Rs 40K Crore: AGM

The annual general meet­ing (AGM) of Tata Sons is the Tata group’s holding company held virtually on Tuesday.

The shareholders will vote on raising new debt to Rs 40,000 crore at a time when the group has made ambitious plans to make a big splash in e-commerce and buying Air India from the central government.

The shareholders will also vote on appointments of directors Sourabh Agarwal and Harish Manwani. The Tata group compa­nies have performed well, both gaining market valuation and in sales and profitability terms in last year.

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