Moody’s Ratings affirmed Tata Motors’ Ba1 corporate family rating with a positive outlook, while upgrading Jaguar Land Rover’s (JLR) rating to Ba1. The upgrade reflects TML’s strengthened credit profile through debt reduction and earnings growth. JLR’s electrification efforts and TML’s demerger plans are key factors influencing these ratings, with JLR expected to contribute over 90% of TML’s EBITDA post-demerger.
J Infratech files IPO papers; eyes Rs 600 cr via fresh issue
J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an