Tata Voltas company is going to be sold, group’s statement amid rumors
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There is a lot of discussion these days regarding Tata Group, which is one of the oldest companies in the country. There was news about Tata Group’s big company Voltas in the home appliance and electronic sector that the company was going to be sold. However, Tata Group has denied this news and rejected it outright.
According to the information, the company has given this information in the stock exchange filing. Tata Group has rejected any report of sale of Voltas Company. However, the report has left Voltas shareholders and investors quite worried.
Voltas Limited has said in this regard on Tuesday that all such news is completely wrong. According to the company, there is no official fact in these. The company has also said that such news going viral is condemnable and it also increases the concern of the company.
The management of the company has clearly denied any news regarding the sale of the company.
Let us tell you that in the Bloomberg report, preparations for selling the company were discussed. The information about the sale of Voltas came to light only after the report published in Bloomberg. However, Voltas company has termed these news as lies and rumours.
There was a surge in shares
There was also news of preparations being made to sell the company. After this news came out, there was a possibility that the shares of the company would fall. As soon as Voltas has issued the statement, there is a rise in the shares of the company. The company has reduced the concerns of investors and shareholders by issuing a statement.
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