The proposed fundraise will be used to refinance a dollar bond backed by shares of Tata Sons, held through group entity Goswami Infratech, due to mature in April. The new transaction is expected to mirror the structure of the earlier deal, with Tata Sons shares continuing as collateral.
Volatile markets split IPO strategies as firms rework listing timelines
IPO-bound firms are adopting divergent listing strategies amid a volatile stock market. Companies needing fresh capital for expansion are proceeding, while those with offers for