 "N Chandrasekaran, Tata sons")
Tata Sons, the Tata group’s holding company, is closing financial year 2020-21 (FY21) with acquisitions of stake in AirAsia India from Tony Fernandes’ AirAsia Berhad, the defence business of Tata Power, and additional stake in Tata Communications from the government of India.
While the $1.2 billion acquisition of online grocery retailer Big Basket is routed via a subsidiary, insiders said this will help Tata Sons consolidate its stake in key subsidiaries and increase its presence in critical sectors like financial services, and infrastructure.
Apart from raising stakes in subsidiaries, Tata Sons is also paying the dues of Tata
While the $1.2 billion acquisition of online grocery retailer Big Basket is routed via a subsidiary, insiders said this will help Tata Sons consolidate its stake in key subsidiaries and increase its presence in critical sectors like financial services, and infrastructure.
Apart from raising stakes in subsidiaries, Tata Sons is also paying the dues of Tata
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