Tata Sons likely to raise Rs 7,000 cr to retire old high-cost debt

Other top companies to follow suit as the central bank has released funds

Tata Sons is set to join a host of top-rated companies such as Reliance Industries, L&T, and HDFC to raise low-cost funds from banks, after the Reserve Bank of India opened a special window to infuse liquidity into the system.
 

Banking sources said Tata Sons may raise around Rs 7,000 crore and plans to use the funds to retire older high-cost loans. “It’s a good opportunity for good A-rated companies to raise funds. HDFC plans to raise around Rs 4,000 crore.
 

While reducing the repo rate by 75 basis points (bps) on March 27, the RBI had also released additional