Particle.news
Download on the App Store
5 ARTICLES
·
last wk.

Tata Sons Solidifies Board, Raises Dividend and Ends FY Debt-Free

The vote reinforces Tata Trusts’ opposition to RBI rules on upper-layer NBFC listings by keeping Tata Sons off the stock market.

Image
File Photo: IANS
Image
Image

Overview

  • Shareholders formally appointed Noel Tata as a director, reappointed Venu Srinivasan and Saurabh Agrawal, and named Anita Marangoly George as an independent director at the 107th AGM.
  • The company approved a dividend of Rs 64,900 per ordinary share, raising total payout to Rs 2,622.91 crore for FY24–25.
  • Tata Sons reported FY24–25 revenue of Rs 38,834.58 crore and profit after tax of Rs 26,231.74 crore, marking declines from the prior year but ending the period debt-free with Rs 7,117.43 crore in net cash.
  • Tata Trusts, which holds approximately 66% of Tata Sons, reaffirmed its desire to keep the unlisted holding company private despite RBI directives requiring listings for upper-layer NBFCs.
  • Discussions with the Shapoorji Pallonji Group over its 18.4% stake remain unresolved as Tata Sons prepares a September IPO of Tata Capital targeting about Rs 17,000 crore.