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Why Tata Sons Is Trying Everything To Avoid An IPO
Tata Sons has been compelled to go public, which is an empire valued around 15 lakh crore rupees. And in an attempt to avoid this, it has already repaid over 21,000 crores in debt. Tata Sons sits at the very top of the Tata group and what makes it even more special is who owns it. Two-thirds of it belongs to Tata Trusts which is the charitable trust. This means a significant portion of Tata’s profits supports schools, scholarships and hospitals.
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