Tata Motors catches speed on joining hand with Equitas SFB
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Tata Motors is currently trading at Rs. 516.00, up by 14.55 points or 2.90% from its previous closing of Rs. 501.45 on the BSE.
The scrip opened at Rs. 503.20 and has touched a high and low of Rs. 517.50 and Rs. 503.20 respectively. So far 1965013 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 532.40 on 14-Oct-2021 and a 52 week low of Rs. 138.75 on 09-Nov-2020.
Last one week high and low of the scrip stood at Rs. 517.50 and Rs. 482.00 respectively. The current market cap of the company is Rs. 171327.88 crore.
The promoters holding in the company stood at 46.41%, while Institutions and Non-Institutions held 26.80% and 18.23% respectively.
Tata Motors has signed a five-year Memorandum of Understanding (MoU) with Equitas SFB, one of the country’s largest small finance banks, to bring a set of attractive financial solutions to its customers.
With benefits applicable across the Tata Motors small commercial vehicle (SCV) range, this tie-up will aim to facilitate seamless availability of financing for aspiring buyers. Tata Motors will leverage Equitas SFB’s strong network across the country, spanning 861 branches and 550+ CV customer touchpoints, to make these solutions accessible for customers.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
