Tata Opportunities Fund invests $55m in Tata Projects
The Tata Opportunities Fund (TOF) - the flagship fund managed by Indian conglomerate Tata Group's corporate investment arm, Tata Capital - has invested INR3.35 billion ($55 million) in the group's engineering, procurement and construction (EPC) services unit, Tata Projects.
According to a release, TOF purchased secondary stakes from four Tata companies - Tata Steel, Tata Motors, The Indian Hotels Company and Tata International - which had acquired shares in the unit following...
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