Tata Sons set to invest Rs 10,161 crore in group companies, says report
Updated : July 25, 2018 09:46 AM IST
Tata Sons, the investment holding company of Tata Group, has approved Rs 10,161 crore investment plan that focuses on the conglomerate’s finance, insurance, defence, realty and retail units, The Economic Times reported.
The investment budget also includes Rs 1,600 crore earmarked for a possible acquisition of IDBI Federal Life Insurance.
Tata Sons has reportedly decided to invest up to Rs 1,800 crore in Tata Advance Systems, Rs 1,750 crore in Tata Realty & Infrastructure, among others.