Tata Sons buys group firms’ shares worth Rs 531 crore amid market sell-off
Tata Sons, the promoter company of the Tata group, on Thursday bought shares worth Rs 531 crore in four group companies in a bulk deal on the National Stock Exchange (NSE).
The company bought shares on a day when the stock markets racked up their largest single-day loss in terms of points.
The largest investment was made in Tata Steel, with Tata Sons buying shares worth Rs 222 crore at an average price of Rs 287 per share.
Tata Steel on Thursday ended 4 per cent lower on the NSE.
The stock is down 39 per cent since the beginning of February. Year-to-date, it is down 37 per cent.
