You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Tata Sons picks up stake in Tata Group companies

Topics
Business Finance

Capital Market 

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.

Powered by Capital Market - Live News

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

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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