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Article: Tata Sons creates subsidiary for new financial services biz.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- June 19, 2007
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Tata Sons creates subsidiary for new financial services biz
Mumbai, Jun 19 (PTI): The country's largest corporate house, the Tata Group, today said it has formed a new company to undertake new activities in the financial services area.
The new entity, Tata Capital Ltd, will be a wholly-owned subsidiary of Tata Sons Ltd, the holding company of the group, a Tata Sons press release said here.
Tata Capital plans to enter areas such as capital market services, merchant banking, housing finance and private equity investments. It also proposes to be active in assets and ...