Tata Finance Ltd (TFL) plans to sell Rs 650 crore of its assets locked up in its non-core business by December 2002.
The company, in its annual report for 2000-01 (year ended June 2001), has proposed to sell assets realising Rs 350 crore by June 2002, and an additional Rs 300 crore by December 2002, to improve its financial position and its capital adequacy ratio.
Tata Finance will seek shareholders approval for this at its seventh annual general meeting to be held on January 23, 2002. A Tata Finance spokesperson said the company
