Tatas create war chest of over Rs 7,600 crore for electronics business

The Tatas have garnered funds to the tune of over Rs 7,600 crore for Tata Electronics, its greenfield electronics and contract manufacturing business venture, through capital infusion by the parent and secured loans, according to a report in The Economic Times (ET).

Tata Electronics was given over Rs 608 crore in capital infusion in 2022-23 by its holding company Tata Sons, the highest in a single financial year, which took the total capital infusion till now to Rs 1,820 crore in the last three years since it was started, according to the latest regulatory disclosures. The authorised capital of the firm is Rs 2,000 crore.