Business

Tata Motors share price slips nearly 2% as Jhunjhunwala pares stake

The price of a motorbike shares of the Tata sneaked nearly 2 percent of the intraday on July 20 when Ace Investor Rakesh Jhunjhunwala reduced its shares in the company to 1.14 percent (3,77,50,000 shares), the BSE shareholding pattern in June 2021 showed.

In the March quarter, his holding at the company reached 1.29 percent (4,27,50,000 shares). It is a second company company that has been reduced by Jhunjhunwala. He cut his holding at the Titan company in the June quarter of 0.25 percent.

The Motors board has approved a proposal to increase up to RS 500 Crore through a problem based on personal placement.

Fund-equipped official committee meetings approved for subscribing, based on personal placement, up to 5,000 ratings, registered, unsafe, can be redeemed, non-convertible debentures (NCDS) a series of nominal values ​​of E30-B rs 10,00,000 each collecting up to RS 500 Crore , Major said automatically in the submission of regulations.

However, a company based in Mumbai has no details about how it is planned to use capital.

In 1351 hours, Tata Motors quotes at Rs 304.50, down 4.20, or 1.36 percent in BSE.

This section touched the highest 52 weeks Rs 360.65 on June 15, 2021 and the lowest 52 weeks amounting to RS 101.35 on July 27, 2020. It traded 15.57 percent below 52 weeks and 200.44 percent above 52-weeks ,

Leave a Reply

Your email address will not be published. Required fields are marked *