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gray man

I'm just a normal gu... • 4m

Tata sons asks Bigbasket to raise $1bn

Havish

. • 4m

Why can't Tata directly fund it? To avoid risks and losses?

1 Reply

Replies (1)

SHIV DIXIT

CHAIRMAN - BITEX IND... • 4m

They are in debt and if they did this for big basket then in future other tata companies will relay On tata group for main funding so this will create never ending cycle of giving support in every financial crisis but tata group has rule not to help directly any tata in any major problem but and for them it's difficult to raise funds same as you and me but TATA names still gives some advantages. Tata group helps in initial phases but if today they help big basket then they will never get CEO who have capabilities to fight.... that's how mostly chairman led companies and groups work but if they see massive opportunities then they will fund more than anyone any day.

1 Reply

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