 "* Tata Sons had bought 2.9% of Tata Motors from Tata Steel at Rs 452.8 per share for Rs 3,787 crore on June 23, 2017")
Tata Sons Chairman N Chandrasekaran (Chandra) is consolidating stakes in listed Tata companies within the holding company.
This was one of the key tasks on Chandra’s agenda after he took over as chairman of the group in February 2017, said a source.
The consolidation exercise picked up pace on Tuesday, with Tata Chemicals selling shares worth Rs 922 crore in Tata Global and Tata Global divesting shares of Rs 674 crore in Tata Chemicals.
In another transaction on Monday, Tata Sons bought 1.1 per cent stake from the open market in Tata Motors. In June 2017, Tata Sons had bought 2.9 per cent
