Tata Sons Private Limited, the holding company of the Tata group, witnessed a precipitous drop in its net debt to ₹5,656 crore in the 10 months ended January this year, as its cash reserves burgeoned to ₹9,516 crore during this period.
Eight years ago, in 2015-16, Tata Sons reported a net debt of ₹5,132 crore; from March 2017 until March 2023, this figure was above the ₹14,700 mark, peaking at ₹27,437 crore at the end of March 2019, according to data sourced from Capitaline.
The company's gross debt nearly halved to ₹15,173 crore until January 2024 on a standalone basis, down from a peak of ₹31,363 crore reported in the financial year ended March 2019.
This sharp turnaround in the company's debt profile will help the company invest in newer ventures, including semiconductors, electric vehicle batteries, and the aviation business, according to a source close to the development.
هذه القصة مأخوذة من طبعة March 09, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة March 09, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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