Tata Global Beverages to sell stakes in various Tata Group companies
DSIJ Intelligence / 12 Jul 2017
A leading business daily reported that Tata Global Beverages has decided to sell its stake in various Tata Group listed companies to its parent company Tata Sons.
Tata Global Beverages soared 2.43% at Rs 173.00 per share during pre-lunch hours on Wednesday.
A leading business daily reported that Tata Global Beverages has decided to sell its stake in various Tata Group listed companies to its parent company Tata Sons.
The report further said that TGBL owns close to Rs 755 crore worth of stakes in other Tata Group firms, especially in Tata Chemicals.
On NSE, the stock attracted a traded value of 11,551.03 lakh and traded volume of 66,84,238 shares.
The stock also traded at a new 52-weeks high of Rs 174.65 per share on BSE.
The company has been maintaining a dividend payout of 40.14%.
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