New Delhi, March 14 -- Tata Group's holding firm, Tata Sons, is prepared to invest Rs.1,432 crore in the rights issue of its engineering and construction arm Tata Projects' rights issue, reported the news agency Business Standard on March 14.

According to the news agency's report, Tata Projects, a private limited company, aims to raise Rs.2,500 crore from its existing shareholders, for which the firm's board of directors cleared the rights issue on Thursday, March 13.

After its right issue move, Tata Projects will likely consider getting listed on the domestic stock markets, reported the news portal citing officials in the know.

Tata Sons will invest in Tata Projects from the dividend returns it is set to receive from its IT major arm,...