Tata Sons’ plan to raise $1.5 billion overseas loan for the first time since 2007 is likely to push up its debt by 50 per cent, but the company’s debt equity ratio will remain below one, thereby giving the company enough headroom to raise funds, according to analysts.
Besides, the share buyback announced by Tata Consultancy Services on Tuesday evening will come in handy for the second time in as many years for Tata Sons, to raise funds by tendering part of its 71.92 per cent stake in the software exporter.
Tata Sons stake in TCS is worth
Besides, the share buyback announced by Tata Consultancy Services on Tuesday evening will come in handy for the second time in as many years for Tata Sons, to raise funds by tendering part of its 71.92 per cent stake in the software exporter.
Tata Sons stake in TCS is worth