Tatas to avoid big-ticket acquisitions for now, focus on debt reduction

Tata Sons, under the leadership of Chairman N Chandrasekaran (pictured), will focus on improving the operating metrics of group companies and reducing debt. 

The group will also avoid big-ticket acquisitions, preferring to grow businesses organically. This is after group company Tata Steel made big-ticket, successful acquisitions of Bhushan Steel and Usha Martin last year.

“Tata Steel, Tata Motors, and Tata Power will be cutting debt in the near future,” said a senior group official.

“He (Chandra) is sharply focused on improving the operating metrics of all the firms, as economic conditions have changed since September last year, with consumer spending