Kantilal Shah hikes stake in Tata Coffee

Press Trust of India Mumbai | Updated on March 15, 2011

Tata Coffee on Tuesday said one of its shareholders, Mr Sharad Kantilal Shah, and his associates, have increased their stake by 1.2 per cent to 12.90 per cent, by buying shares from the open market.

In a filing to the BSE, the company said Mr Shah, who is acting consultant to firms Tripti Sharad Shah and Astral Securities Private, has bought 24,548 shares aggregating 1.20 per cent in Tata Coffee.

On Tuesday, the company's shares ended up 2.54 per cent at Rs 929.75 on the BSE.

Published on March 15, 2011

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