NEW DELHI, APR 26: Tata Sons has kept its options open in divesting its stake in Tata Consultancy Services (TCS) and is considering bringing all its information technology companies under one umbrella, a top official said here on Wednesday.He did not specify the time when the group's holding would be divested to the public. "There is no immediate need for the group to raise funds from the public through divesting TCS shares."Asked about overseas listing, he said "going to Nasdaq would not raise the share value of the company." "The company is in the business of increasing value, which TCS is doing, and it does not have to go to Nasdaq to do that," he said.The Tata group is also considering consolidating all its IT companies under one umbrella, he said. Apart from TCS, Tata group has two other companies - Tata Infotech and Tata Elxsi, which are listed in major stock exchanges.About TCS's future plans, Gopalakrishna said the company is planning its foray into e-commerce. He also said the group has set aside about Rs 50 to Rs 100 crore as a venture capital fund. "The group has already incubated many companies like Tata Cellular through Tata Industries although we did not coin it as a venture fund."
