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Tata Capital Financial Services plans to raise up to Rs 11,500 crore

Tata Capital Financial Services made a profit of Rs 678 crore in FY21, as compared to Rs 114 crore in FY20

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Tata Sons has already infused Rs 3,500 crore in Tata Capital Group in the last two financial years so that the company can meet its financial liabilities

Dev Chatterjee Mumbai

2 min read Last Updated : Sep 03 2021 | 12:26 AM IST

Tata Capital Financial Services, the unlisted subsidiary of Tata Capital, is planning to raise up to Rs 11,500 crore as debt to bolster its lending book that touched Rs 75,806 crore in FY21.

According to banking sources, the board of Tata Capital Financial Services will be meeting on September 6 to clear the issue. The fundraise by Tata Capital Financial Services comes within weeks of Tata Sons, the holding company of the Tata group, informing its shareholders that it plans to raise up to Rs 40,000 crore as debt in the coming months.

The fundraising by Tata Capital Financial Services comes just

Topics : Tata Capital Financial Services Tata Capital fund raising

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