Tata Sons to invest upto Rs 10k crore in Group cos:

Among the first decisions taken by N Chandrasekaran as chairman of Tata Sons was to tighten the holding company’s control over the $103-billion conglomerate, recently shaken by a power struggle between Cyrus Mistry and Ratan Tata
The Tata Sons board approved a resolution to invest up to Rs 10,000 crore in various Tata group companies at the first board meeting chaired by Chandrasekaran on February 21.

“Resolved that approval of the board of directors be and is here by granted to the company to invest amounts not exceeding Rs 10,000 crore for subscribing to issues of securities and or purchasing securities in various companies of which Tata Sons is the promoter and or a shareholder,”according to the resolution, a copy of which has been filed with the ministry of corporate affairs.

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