Tata Sons acquire all Tata Steel’s stake in Tata Motors.

tata

Today- Tata Sons said that it will acquire the entire stake of Tata Steel held in Tata Motors on or after June 23.

According to a BSE filing, Tata Sons will acquire 83.6 million ordinary shares or 2.85 per cent stake in Tata Motors owned by Tata Steel.

The automobile major’s scrip had gained by 1.57 per cent or more than Rs 7.05 to Rs 455.50 on Friday.

Also, Tata Sons owned 29.75 per cent of Tata Steel at the end of March, while Tata Motors owned a 0.46 per cent stake in the steelmaker.

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