Tata Industries to raise up to Rs 6,000 cr in bonds to invest in group cos

Tata Industries Ltd (TIL), Tata group’s investment arm for upcoming businesses, plans to raise upto Rs 6000 crore through debentures for investment into group companies.

TIL is the core investment company for Tata Group's strategic investments in new and high-technology areas which complements the investment philosophy of Tata Sons. TIL also provides strategic advisory to other Tata Group companies.

TIL has incubated several businesses, including auto ancillaries (TACO), defense (Tata Advanced Materials Ltd (TAML), Telecom, logistics and supply chain solutions (Drive India Enterprise Solutions Ltd) and Information Technology Park, Bangalore. The company also has an advisory services division, Tata Strategic