Promoter group Tata Sons has marginally increased its stake in Tata Motors. Post the acquisition Tata Sons’ holding in the auto company increased by 0.05 per cent to 25.46 per cent, according to a notification on the bourses.
The acquisition was done in two days through the NSE. Tata Sons bought 12 lakh shares at a value of Rs 29.89 crore.
The first lot of seven lakh shares was purchased on June 25 for a total value of Rs 17.48 crore and the remaining shares were bought on Tuesday for Rs 12.41 crore.
According to the shareholding pattern disclosed on the BSE, Tata Sons held 25.96 per cent in Tata Motors at the end of March. At the end of December 2011, Tata Sons held 25.89 per cent.