Tata Sons to invest Rs 1,750 crore in realty & infrastructure arm
Tata Sons, the investment holding company of the $100-billion Tata Group, has approved a Rs 10,161-crore investment plan that focuses on the conglomerate’s finance, insurance, defence, realty and retail units — all areas that chairman N Chandrasekaran is aggressively betting on.
Chandra sekaran, who took over last year after Cyrus Mistry’s ouster, is looking to trim unprofitable and unscalable businesses to concentrate more on sectors and companies expected to clock a high growth rate. Tata Sons took the decisions in its board meetings on March 26 and May 18.
It decided to invest up to Rs 1,800 crore in Tata Advance Systems, Rs 1,750 crore in Tata Realty & Infrastructure, Rs 2,500 crore in Tata Capital, Rs 260 crore in Tata AIG General Insurance, Rs 250 crore in Infiniti Retail and Rs 2,001 crore in subsidiary holding company Panatone Finvest.