Tata Sons repays Rs 20,000-crore debt to ‘avoid’ going public: Reduces stake in TCS and more

Tata Sons, the holding entity of the $410-billion Tata Group, recently sought to voluntarily surrender its certificate of registration to the Reserve Bank of India (RBI) after repaying more than Rs 20,000 crore in debt in a strategic move that allows it to remain an unlisted, closely held company.
The company in its annual report said that it has invested in its new and existing businesses based on their requirement for capital, for growth and for deleveraging their balance sheets.