In: Economics
why would Tata's Power need to seperate from the Tata Group?
TATA Power is a cash guzzler but generates very little profit. Yet, when it’s embarking on its biggest buyout, a principal shareholder is kept in the dark. That’s unprecedented in Bombay House (Tata Group headquarters)," said an old-time group insider.
This is the reason why Tata power needs to separate from Tata group.