Tata Motors moves up on incorporating wholly-owned subsidiary
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Tata Motors is currently trading at Rs. 354.50, up by 1.65 points or 0.47% from its previous closing of Rs. 352.85 on the BSE.
The scrip opened at Rs. 356.50 and has touched a high and low of Rs. 358.25 and Rs. 352.00 respectively. So far 957313 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 358.25 on 09-Jun-2021 and a 52 week low of Rs. 92.00 on 17-Jun-2020.
Last one week high and low of the scrip stood at Rs. 358.25 and Rs. 323.65 respectively. The current market cap of the company is Rs. 117157.06 crore.
The promoters holding in the company stood at 46.41%, while Institutions and Non-Institutions held 25.69% and 17.10% respectively.
Tata Motors has incorporated a new wholly-owned subsidiary to provide end-to-end services of operating, repair, annual maintenance contracts (AMC) and fleet management services (FMS) for its product range, including electric vehicles. The new wholly-owned subsidiary has been christened as ‘TML CV Mobility Solutions’.
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.
