Tata may sell Voltas home appliance business
Further, the sources said that these considerations are in the early stages, and Tata Group may opt to retain the asset for an extended period
Tata Group is considering the sale of Voltas Ltd.'s home appliance operation due to challenges in expanding the business in a competitive market, sources told sources.
Tata Group's management is currently in discussions about the potential sale and has not reached a decision on whether to include their local joint venture with Arcelik AS in the deal, the sources added.
Further, the sources said that these considerations are in the early stages, and Tata Group may opt to retain the asset for an extended period.
Company shares have slipped by 13.90 points to Rs. 814.05 at 2.16 pm, against an opening of Rs.827.90.
A representative for Tata Group declined to comment, the report added.
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