Tata Sons has instructed its group companies to manage their own debts without relying on cross-default clauses or letters of comfort. Future funding for new ventures will come from equity investments and internal accruals. Banks are confident in extending credit due to the financial stability and equity stakes held by Tata Sons in these companies. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/tata-sons-ends-debt-support-for-new-businesses-focus-on-independent-financing/116979579
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