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Tatas rule out immediate plan to sell assets to shore up finances

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MUMBAI : Tata Sons Ltd has ruled out any immediate plans to sell assets to shore up its finances because of the coronavirus pandemic that has hammered Indian companies.The holding company of Tata group, in a statement on Friday, said it is well-capitalized and prepared to take on the challenges posed by the countrywide lockdown since 25 March, which has brought economic activity to a near- standstill.“Tata Sons is in a strong financial position with adequate cash flows to support group companies and new growth initiatives.

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