Tata Finance Takes Rs 125 Crore Hit On Irregular Niskalp Deals

The board of directors of Tata Finance Ltd (TFL) has decided to take legal advice in respect of certain unauthorised financial transactions undertaken by the previous management of the company led by Dilip S Pendse, former managing director. These transactions reportedly caused a loss of around Rs 125 crore to the company.

In a statement today, the company said the unauthorised financial transactions recently discovered by the board