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Tata Motors advances on inaugurating GDC facility in Pune

25 May 2016 Evaluate

Tata Motors is currently trading at Rs. 397.05, up by 7.80 points or 2.00% from its previous closing of Rs. 389.25 on the BSE.

The scrip opened at Rs. 393.55 and has touched a high and low of Rs. 399.25 and Rs. 393.55 respectively. So far 231546 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 514.50 on 25-May-2015 and a 52 week low of Rs. 266.00 on 11-Feb-2016.

Last one week high and low of the scrip stood at Rs. 393.15 and Rs. 380.55 respectively. The current market cap of the company is Rs. 114621.98 crore.

The promoters holding in the company stood at 33.01% while Institutions and Non-Institutions held 41.30% and 8.65% respectively.

Tata Motors has inaugurated its Global Delivery Centre’s (GDC) new facility in Pune at the ICC Devi Gaurav Technology Park on May 24, 2016. GDC has been set up to streamline business processes and achieve cost optimization goals through conceptualization and deployment of shared services strategies for Tata Motors Group.

With an objective to scale up its operations across multiple locations and time zones in 12-15 months, this state-of the art facility, has been built, spreading across 50,000 square feet to capitalize on Pune’s rich pool of ITES and automobile industry talent.

With operations primarily based out of Pune, GDC also has footprints in locations including Mumbai, Jamshedpur, Lucknow, Dharwad, Pantnagar and Sanand, supporting 12 Tata Motors Group companies including JLR, Tata Marcopolo, TAL, Tata Technologies, TML Drivelines and Tata Motors Finance.



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