Tata Steel plans to sell equity shares of Tata Motors

For total value not exceeding Rs 2500 crore

Tata Steel announced that the Company based on the review of its portfolio, is proposing to sell equity shares of face value of Rs. 2 each of Tata Motors to institutional investors over the stock exchange for a value not exceeding Rs. 1,250 crore. The price will be discovered through a book building process.

The Company also proposes to sell equity shares of face value of Rs. 2 each of Tata Motors to Tata Sons around the market price through an off-market transaction for a total value not exceeding Rs. 1,250 crore.

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