He asked the leadership of the companies to focus on their respective businesses, without being concerned about change in leadership. Referring to ongoing initiatives in the companies, he said, "We will evaluate and continue to undertake those that are required to. If there is any change, they will be discussed with you."

Ratan Tata reiterated that he had assumed the role of the Interim Chairman for stability and continuity so that there is no vacuum. "This will be for a short time. A new permanent leadership will be in place," he emphasised.

Tata Sons has already announced that a Selection Committee has been constituted to choose a new Chairman, and will complete its mandate in four months.

END