Tata Group companies, including holding firm Tata Sons Pvt Ltd, have tapped the overseas debt market to raise funds worth $660 million to fund their operations in the first half of the ongoing financial year as demand for the group’s products surges.
According to Reserve Bank of India (RBI) data, Tata Sons raised $167 million to refinance its old overseas loans while Tata SIA Airlines raised $279 million to import aircraft.
Tata Capital Financial Services raised an additional $215 million for on-lending purposes.
