Tata Steel Ltd.

Tata AIG Life Insurance, a promoter group company of Tata Steel, has purchased 10,900 shares of the steel maker for about Rs 50.84 lakh. The shares were purchased in four tranches on March 14, 2012 through open market.

However, the total shareholding of Tata AIG Life Insurance will remain at 0.23%, as it used to hold earlier.

The company posted a fall of 6.09% in its net profit to Rs 1421.26 crore for the quarter ended December 31, 2011 as compared to Rs 1513.46 crore for the same quarter in the previous year. However, total income increased by 12.78% to Rs 8355.56 crore for quarter under review as compared to Rs 7408.66 crore for the quarter ended December 31, 2010.