 "stocks, equity, mutual, MF, mutual funds")
Tata Sons Limited, a principal holding company of Tata group, is planning to raise Rs 2,000 crore through non-convertible debentures (NCDs) to support business operations.
The rating “AAA” for NCDs reflects Tata Sons' exceptional financial flexibility and strong financial risk profile, supported by the company's comfortable liquidity and a sound capital structure, CRISIL said in statement.
These rating strengths are partially offset by Tata Sons' increased participation in Tata group companies' investment programme. Its business risk profile will also depend on the success of these investments. The Tata group has been expanding its business presence through both organic and inorganic
