Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
333.00
-0.35 (-0.10%)
< Home < Back

Tata Motors firms up on buzz of selling stake in Tata Technologies

Date: 08-04-2015

Tata Motors is currently trading at Rs. 566.95, up by 6.90 points or 1.23 % from its previous closing of Rs. 560.05 on the BSE.

The scrip opened at Rs. 564.00 and has touched a high and low of Rs. 568.80 and Rs. 561.40 respectively. So far 80668 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 605.57 on 03-Feb-2015 and a 52 week low of Rs. 395.96 on 07-Apr-2014.

Last one week high and low of the scrip stood at Rs. 573.15 and Rs. 542.00 respectively. The current market cap of the company is Rs. 163207.90 crore.

The promoters holding in the company stood at 34.33 % while Institutions and Non-Institutions held 37.10 % and 7.31 % respectively.

India’s largest bus and truck maker Tata Motors and the Tata group’s private equity fund Tata Capital are reportedly planning to sell their 90% stake in Pune-based auto designer Tata Technologies. The valuation of the two-decade-old company is being pegged at $1 billion or Rs 6,200 crore.

Tata Motors owns around 70.43% of the unit, while various Tata Group companies including Tata Capital hold a 17.36% stake. The rest is owned by employees of Tata Technologies through stock options.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.