Tata Sons to raise Rs 1.5 billion from the international markets Tata Sons, the holding company of the Tata group, is raising $1.5 billion from the international markets to invest in group's infrastructure projects and pay off loans of Tata Teleservices. BNP Paribas, First Abu Dhabi, ANZ, BofA ML, Citibabk, CA-CIB, EDC, Mizuho, MUFG Bank, StanChart, and State Bank of India are the bankers for the facility. This will be for the first time since 2007 that Tata Sons is tapping the international markets to raise funds. Tata Sons, which holds substantial stake in group's profit churner, Tata Consultancy Services, can raise funds at a much cheaper rate than Tata Teleservices due to its far better financial metrics.
Tata Teleservices, on the other hand, sold its wireless telephony business to Airtel for free and plans to merge its enterprise business with Tata Communications. Article By : Business Standard