Tata Sons looks to monetise assets, raise foreign loans in FY23

Tata Sons, the holding company of the Tata group, plans to raise funds by monetising its unlisted companies, and through foreign loans and dividends from its listed subsidiaries in financial year 2022-23 (FY23), as debt worth Rs 16,305 crore is coming up for repayment in the current fiscal, say banking sources.

The company’s net debt was Rs 30,327 crore, while its cash and liquid investments were Rs 2,410 crore as of February end, according to banking sources. This was marginally higher than Rs 27,616 crore of net debt reported in FY21. The figures for the entire FY22 are not available.

The net