Tata Motors to become a zero-debt company in the next three years?
Автор: ET Now
Загружено: 2020-08-26
Просмотров: 1101
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Shares of Tata Motors gain more than 5% for a second straight day following strong commentary from Chairman N Chandrasekaran. At the company's Annual General Meeting yesterday, Tata Sons' top boss announced the automobile giant's plan to become a zero-debt company in the next three years. In line with its strict cost rationalization strategy, the investment of the group has been cut by nearly 50% last year, said the Chairman, adding that they will continue to do so for as long as required. The company also will look at unlocking value from its non-core assets, he said.
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