Ratan Tata Endowment Fund buys into two Tata companies
The Ratan Tata Endowment Foundation has made its first investments by acquiring minor stakes in Tata Digital and Tata Technologies. The foundation, established by Tata Trusts chairman Ratan Tata, purchased a 1% stake in Tata Digital, valued at over $15 billion, and a little less than 1% stake in Tata Technologies. These investments will help generate funds for philanthropic purposes, as the Trusts' philanthropic activities are expanding.
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