Companies

Tata Sons not looking to monetise investments to raise capital: N Chandrasekaran

Our Bureau Mumbai | Updated on June 05, 2020 Published on June 05, 2020

N Chandrasekaran, Chairman, Tata Sons

Tata Sons, the holding company of Tata Group firms, is not looking to monetise its investments to raise capital.

“Tata Sons is in strong financial position with adequate cash flows to support the group companies and new growth initiatives. Tata Sons is not looking to monetise its investments to raise capital,” Tata Sons’ Chairman N Chandrasekaran said in a statement.

“This is to dispel the recent unfounded rumours regarding the Tata Group in some sections of the print and social media,” he said, terming these reports as “malicious in their intent to undermine the performance of the Tata group and discredit its Chairman Emeritus Ratan N Tata”.

The Tata group companies, like all other companies, are facing both challenges and opportunities arising out of the pandemic and resulting economic situation, based on the industries and markets they operate in.

“All our group companies are progressing well responding to these challenges and opportunities and we are confident that they will emerge stronger,” he said, adding, the group is “well-poised” to capture new opportunities and we are focused on navigating the current situation and profitable growth.

Published on June 05, 2020
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