Tata Motors shines on partnering with ICICI Bank
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Tata Motors is currently trading at Rs. 416.35, up by 7.90 points or 1.93% from its previous closing of Rs. 408.45 on the BSE.
The scrip opened at Rs. 409.10 and has touched a high and low of Rs. 416.60 and Rs. 409.10 respectively. So far 98183 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.50 on 31-Jan-2022 and a 52 week low of Rs. 366.05 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 416.60 and Rs. 400.00 respectively. The current market cap of the company is Rs. 135659.36 crore.
The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 29.25% and 20.10% respectively.
Tata Motors has partnered with ICICI Bank to offer financing solutions to its authorized passenger electric vehicle dealers. Under the partnership, ICICI Bank will provide inventory funding to the authorized passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models. The EV dealers can avail flexible repayment tenures through the partnership.
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.
