Tata Sons, the promoter of major operating companies of the Tata Group, is going to increase its shareholding in Tata Motors to 43.73 percent after the proposed Rs 6,500 crore preferential issue by the automobile manufacturer. Recently, Tata Motors’ board had approved raising of Rs 6,500 crore via preferential allotment of securities to Tata Sons.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.