Tata Sons consolidates stake in Tata Motors, Tata Steel

New Delhi : Mon, Sep 05, 2011 at 22:25:Tata group's holding company Tata Sons has consolidated its stake in two group firms -- Tata Motors and Tata Steel -- by picking up additional stakes through open market transactions worth nearly Rs 50 crore.

Tata Sons bought 3.31 lakh shares of Tata Motors held by Tata Chemicals for Rs 750 apiece, aggregating to Rs 24.82 crore through a bulk deal, according to data available on the BSE today.

Similarly, Tata Sons also raised its holding in Tata Steel by acquiring an additional 5.10 lakh shares which were held by Tata Chemicals for Rs 483.50 apiece in a deal worth Rs 24.64 crore.