Saurabh Agrawal, the newly appointed group chief financial officer of Tata Sons Ltd who is known for his investment banking acumen, may find in Tata Power Co. Ltd an ideal candidate for a restructuring exercise.
Some investments that the Tata group firm made in the past have not been up to the mark and the increase in leverage on its books is threatening to cap its earnings potential. The company will benefit by exiting unrelated investments and monetizing its investments in the renewables’ business. Tata Power has made attempts earlier, but progress has been slow, which is testing investor patience. Read More…
Credit By: Live Mint
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