Investors of Tata's loss-making trading arm seek clarity on ₹800-cr bonds' redemption: Report
Investors holding bonds worth ₹800 crore issued by Tata Group's loss-making trading and distribution arm Tata International Limited (TIL) are seeking clarity on whether TIL intends to redeem these bonds in December, Moneycontrol reported. If TIL fails to redeem the bonds, their interest could jump from 9.1% to 12.1%. The bonds were issued in December 2022 to refinance older bonds.