Changing scenario: Debt-free Tata Sons has firepower for newer biz
5 min read Last Updated : Oct 16 2024 | 12:27 AM IST
Tata Sons is a debt-free company on a net basis for the first time in 18 years.
The Tata group’s main holding and promoter company reported a gross debt of Rs 363.2 crore at the end of March this year, down sharply from Rs 22,176 crore at the end of FY23.
Against this, the company reported cash and equivalents worth Rs 3,042 crore at the end of FY24, up from Rs 1,534 crore a year ago. This translated into a negative net debt of Rs 2,679.2 crore.
At its peak, Tata Sons had an outstanding debt of
Originally published by business-standard.com. Syndicated material does not necessarily reflect the views of Grazia British.
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