Tata Group mulling sale of Voltas's home appliances business
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Tata Group is said to be contemplating the divestment of its home appliances division within Voltas, where it owns nearly a 30% stake. Bloomberg reports that the company foresees challenges in expanding the business amid a competitive landscape. The deliberations are in their early stages, and it remains unclear whether Tata will include Voltas' domestic joint venture, Voltbek Home Appliances, in the potential sale.