Social News XYZ     

Tata Sons to buy out Tata Steel’s stake in Tata Motors

Posted By: Doraiah Vundavally June 17, 2017

Tata Sons to buy out Tata Steel's stake in Tata MotorsMumbai, June 17 (IANS) Industrial conglomerate Tata Sons on Saturday 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 83,637,697 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.

 

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

Facebook Comments
Tata Sons to buy out Tata Steel's stake in Tata Motors

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.