Published on 12/07/2017 12:27:14 PM | Source: Dion Global Solutions Ltd.

Tata Global up 3% on plans to sale stake in group's firms

Shares of Tata Global Beverages rose over 3 per cent, hitting 52-week high, on the Bombay stock Exchange after the company said it will sell its stake in various Tata group companies to its parent, Tata Sons, in the next few months. Following the announcement, shares of the company gained as much as 3.40 per cent to hit 52-week high of Rs 174.65 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 173.25 against previous close price of Rs 168.90. In a similar fashion, shares of the company were trading 2.42 per cent higher at Rs 173.60 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 31,782.87, up by 35.78 points, or 0.11 per cent, at 11:35 hours.