Tata Group is planning to sell Voltas.

New Delhi, November 7 (INT): Tata Group, the country’s largest industrial house, is preparing to sell the home appliances business of Voltas Limited. This claim has been made in a Bloomberg report quoting sources. This is a very competitive market and the management of Tata Group feels that it may face difficulties in expanding its business in the coming days.

The management of Tata Group has discussed the possibilities to sell this business, but so far it has not been decided whether the joint venture Partner Arcelik Group A.S will be included in this deal or not. Sources say that about this The discussion is still at the initial stage and Tata Group Considering holding the asset for a long time. A representative of Tata Group regarding this Declined to comment. Voltas shares  this year have increased by 3 percent and its market cap increase to 3.3 billion dollars.