"Raising of stake in Tata Group companies is a long- pending goal of the group and not withstanding the kind of ups and downs in the economic scene world-wide. We will stick to that course," Krishna Kumar told reporters on the sidelines of a press meet here.
It was argued that the promoters' stake in several Tata Group companies was low and that it should be increased.
As on June 2009, Tata Sons hold a 30.77 per cent stake in Tata Steel, 28.94 per cent in Tata Motors, 22.78 per cent in Tata Tea and 30.08 per cent in Tata Power Company as per BSE data.
Commenting on Tata Sons' plans in retail, Krishna Kumar said, "Retailing is a major industry in India and we see a strong growth in the retailing sector."
Tata Sons holds a 30 per cent stake in its retailing venture Titan. It also has Croma and Tata Sky as its 100 per cent subsidiaries.
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