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Tata Sons to buy Tata Steel stake in Tata Motors on or after June 23

Tata Sons cited 'restructuring of investment portfolio' as the reason for the planned deal

Reuters  |  Mumbai 

tata motors

Ltd, the holding company of India's salt-to-software Tata conglomerate, plans to buy out Ltd's stake in Ltd on or after June 23, it said in a regulatory filing on Saturday.

will buy about 83.6 million shares in at or around the prevailing price of the stock on the date of the planned acquisition, it said in the filing.

It cited "restructuring of investment portfolio" as the reason for the planned deal.

shares closed at Rs 455.75 in Mumbai trading on Friday.

owned 28.71 percent of at the end of March, while owned 2.9 percent in the vehicle maker.

owned 29.75 percent of at the end of March, while owned a 0.46 percent stake in the steelmaker, according to stock exchange data.

Indian media have reported that planned to reduce crossholdings among group

 

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Tata Sons to buy Tata Steel stake in Tata Motors on or after June 23

Tata Sons cited 'restructuring of investment portfolio' as the reason for the planned deal

Tata Sons cited 'restructuring of investment portfolio' as the reason for the planned deal

Ltd, the holding company of India's salt-to-software Tata conglomerate, plans to buy out Ltd's stake in Ltd on or after June 23, it said in a regulatory filing on Saturday.

will buy about 83.6 million shares in at or around the prevailing price of the stock on the date of the planned acquisition, it said in the filing.

It cited "restructuring of investment portfolio" as the reason for the planned deal.

shares closed at Rs 455.75 in Mumbai trading on Friday.

owned 28.71 percent of at the end of March, while owned 2.9 percent in the vehicle maker.

owned 29.75 percent of at the end of March, while owned a 0.46 percent stake in the steelmaker, according to stock exchange data.

Indian media have reported that planned to reduce crossholdings among group

 

image
Business Standard
177 22

Tata Sons to buy Tata Steel stake in Tata Motors on or after June 23

Tata Sons cited 'restructuring of investment portfolio' as the reason for the planned deal

Ltd, the holding company of India's salt-to-software Tata conglomerate, plans to buy out Ltd's stake in Ltd on or after June 23, it said in a regulatory filing on Saturday.

will buy about 83.6 million shares in at or around the prevailing price of the stock on the date of the planned acquisition, it said in the filing.

It cited "restructuring of investment portfolio" as the reason for the planned deal.

shares closed at Rs 455.75 in Mumbai trading on Friday.

owned 28.71 percent of at the end of March, while owned 2.9 percent in the vehicle maker.

owned 29.75 percent of at the end of March, while owned a 0.46 percent stake in the steelmaker, according to stock exchange data.

Indian media have reported that planned to reduce crossholdings among group

 

image
Business Standard
177 22