Tata Sons, the holding company of the Tata group, is set to invest ₹1,432 crore in the rights issue of Tata Projects, the conglomerate’s engineering, procurement, and construction (EPC) arm. The fundraising effort of Tata Projects aims to raise ₹2,500 crore from its shareholders.
The company’s board of directors and shareholders cleared the rights issue on Thursday, according to regulatory filings.