After a lull, Tata Sons buys additional stake in subsidiaries

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After a lull, Tata Sons buys additional stake in subsidiaries
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Tata Sons, the Tata Group’s holding company, is closing the financial year 2021 with acquisitions of Air Asia stake from Tony Fernandes’s AirAsia Berhad, defense business of Tata Power and additional stake in Tata Communications from the government of India.

While the big ticket $1.2 billion acquisition of online grocery retailer, Big Basket is routed via a subsidiary, insiders said the acquisitions will help Tata Sons to consolidate its stake in key subsidiaries and increase its presence in critical sectors like financial services, and infrastructure. Apart from raising stake …




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First Published: Wed, March 17 2021. 18:02 IST

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