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

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Mumbai, 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.

–IANS

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