Tata Sons plans to reduce debt, step up investments with TCS dividend

With a Rs 12,166-crore dividend bonanza from its subsidiary, Tata Consultancy Services, Tata group holding company Tata Sons’ top priority would be to reduce debt and make more investments in the infrastructure and aviation businesses. The company has to make debt repayments of Rs 3,333 crore in the year ending March 2020 (FY20) and, of this, Tata Sons has already repaid Rs 520 crore till July 31, a source close to the development said. “The idea is to reduce debt and, at the same time, make investments wherever necessary, like in the aviation and infrastructure busines.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.