India News | Tata Sons Not Looking to Monetise Investments to Raise Capital: Chairman N Chandrasekaran
Get latest articles and stories on India at LatestLY. Tata Sons, the holding company of salt-to-software conglomerate Tata Group, is not looking to monetise investments to raise capital as it has enough cash to support group firms, its Chairman N Chandrasekaran said on Friday.
New Delhi, Jun 5 (PTI) Tata Sons, the holding company of salt-to-software conglomerate Tata Group, is not looking to monetise investments to raise capital as it has enough cash to support group firms, its Chairman N Chandrasekaran said on Friday.
"Tata Sons is in a strong financial position with adequate cash flows to support group companies and new growth initiatives," he said in a statement.
Tata Group, like all other companies, is facing both challenges and opportunities arising out of the coronavirus pandemic and resulting economic situation, he added.
"All our group companies are progressing well responding to these challenges and opportunities and we are confident that they will emerge stronger," he said. "Tata Sons is not looking to monetise its investments to raise capital."
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)