Tata Sons doubles royalty fee to Rs 200 crore

Tata Sons has doubled the fee five years after fixing it at Rs 100 crore. Simultaneously, the holding company of Tata Group is ramping up its brand-building exercise through the title sponsorship of IPL, among other initiatives. TCS, in its notice to shareholders, revealed that it made a royalty payout of Rs 200 crore to Tata Sons in FY24.