Finance

Tata Sons purchases shares of Tata Chemicals, Tata Motors DVR through open market

Tata Sons Pvt Ltd on Wednesday acquired shares of Tata Chemicals and Tata Motors DVR within open market transactions.

Image Courtesy- deccanherald.com

Tata Sons Pvt Ltd on Wednesday 5th of May purchased shares of Tata Chemicals and Tata Motors DVR within open market transactions.

As per the bulk deal data on NSE, Tata Sons obtained shares of Tata Chemicals for Rs 63.56 crore and Tata Motors DVR shares for Rs 22.51 crore.

Total 22.1 lakh scrips of Tata Chemicals were acquired at Rs 287.58 apiece, while 37.63 lakh shares of Tata Motors DVR were procured for Rs 59.83 per scrip.

As per the shareholding data for June 2020 for Tata Chemicals and Tata Motors DVR, Tata Sons is a promoter in both the companies and retained 28.51 per cent and 5.26 per cent paling in the firms, respectively.

On NSE, shares of Tata Chemicals ended at Rs 299.9, up 7.32 per cent. Tata Motors DVR escalated 2.38 per cent to close at Rs 60.3 on Wednesday.

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