Comments
Tata Investment Corporation received an overwhelming response on the bourses today, with the stock climbing nearly 13 per cent in morning trade on the BSE after promoter group firm Tata Sons increased its stake in the company to 68.26 per cent.
Shares of Tata Investment spurted by 12.78 per cent to touch a high of Rs 553.50 on BSE, while on NSE, the stock zoomed up by 12.69 per cent to touch an early high of Rs 554.
Tata Sons has hiked its stake to 68.26 per cent upon conversion of detachable warrants. Prior to this, the entity had 65.21 per cent shareholding in Tata Investment Corp.
Tata Investment Corp is mainly into investing in long-term investments such as equity shares and equity-related securities.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.