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Tata Sons picks up stake in Tata Group companies

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Tata Sons, the promoter of all Tata Group Companies, purchased equity shares of Tata Power Company, Tata Steel, Indian Hotels Company and Tata Motors DVR last week via bulk deals.

As per bulk deal data, Tata Sons purchased 1.38 crore equity shares of Tata Power Company on Thursday, 12 March 2020 at Rs 38.72 per share on National Stock Exchange (NSE).

Tata Sons purchased 77.40 lakh equity shares of Tata Steel on Thursday, 12 March 2020 at Rs 287.44 per share and 77.94 lakh equity shares on Friday, 13 March 2020 at Rs 300.56 per share on NSE.

Tata Sons also purchased 1.65 crore equity shares of Indian Hotels Company on Thursday, 12 March 2020 at Rs 107.40 per share on NSE.

Tata Sons purchased 1.84 equity shares of Tata Motors DVR on Thursday, 12 March 2020 at Rs 43.15 per share on NSE. It again purchased 82.29 lakh equity shares of Tata Motors DVR on Friday, 13 March 2020 at Rs 46.97 per share on NSE.

Meanwhile, Tata Power Company dropped 8.60% to Rs 35.60, Tata Steel rose 0.96% to Rs 285, Indian Hotels Company tumbled 9.70% to Rs 89.85 and Tata Motors DVR declined 2.18% to Rs 38.20.

As of 31 December 2019, Tata Sons held 34.26% stake in Tata Power Company, 31.64% stake in Tata Steel and 36.43% stake in Indian Hotels Company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, March 18 2020. 14:52 IST