Ratan Tata dismisses news of him buying 50% stake in Mumbai pharma startup

Ratan Tata shared on Instagram that he has not purchased 50% stake in the company.

Published on: May 9, 2020, 11:38:18 IST

Hindustan Times, New Delhi | By Trisha Sengupta

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Ratan Tata, in his personal capacity, recently invested an undisclosed amount in a Mumbai-based pharmaceutical startup Generic Aadhaar. However, now a fake news piece is going viral with a claim that the chairman emeritus at Tata Sons has bought 50% stake of the company. Tata took to Instagram to share a story and dismiss the news.

Ratan Tata shared this image on Instagram. (Instagram/Ratan Tata)

He shared a screenshot of one such online article and wrote, “As happy as I’m to support this venture, it has been a minority token investment.” The business mogul then added that he has not purchased 50% stake in the company.

Ratan Tata shared this image on Instagram.

A few days ago, Ratan Tata once again took on fake news by dismissing a news article falsely attributed to him. Taking to Twitter, he called out the piece for being fake and also urged people to always verify news before sharing them with others.

Also Read | Ratan Tata didn’t write that viral message attributed to him, denies it on Twitter

ABOUT THE AUTHOR
Trisha Sengupta
Trisha Sengupta works as Chief Content Producer at Hindustan Times with over six years of experience in the digital newsroom. Known for her ability to decode the internet’s most talked-about moments, she specialises in high-engagement storytelling that bridges the gap between viral trends and traditional journalism. Throughout her tenure, Trisha has focused on the intersection of technology, finance, and human emotion. She frequently covers personal finance and real estate struggles in hubs like Gurgaon, Bengaluru, and Hyderabad, while also documenting the unique challenges of the NRI experience. Her work often highlights the movements and philosophies of global newsmakers and personalities like Elon Musk, Mukesh Ambani, Nikhil Kamath, Dubai crown prince, and MrBeast. From reporting on Amazon or Meta layoffs and startup culture to the emergence of AI-driven platforms like Grok and xAI, she provides a grounded and empathetic perspective on the stories shaping our world. When not decoding the internet, Trisha is likely offline: lost in a book, exploring a historical ruin, or navigating the world as a solo traveler. She balances her fast-paced career with family time and a healthy dose of curiosity, currently trading her "human" sources for silicon ones as she masters AI to future-proof her storytelling.Read More

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