By IANS
New Delhi : Tata Sons Ltd, part of the $22-billion conglomerate Tata Group, Tuesday said its financial services arm is being formed into a separate company with a corporate identity.
Tata Capital proposes to enter areas like capital market services, merchant banking, housing finance, private equity investments, assets and vehicle financing, retail finance and other related areas, a company statement said.
Tata Sons also has a direct holding in its existing financial services companies, Tata AIG Insurance, Tata Asset Management Company and Tata Investment Corporation.
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