Tata Motors shines on inking MoU with Indian Bank
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Tata Motors is currently trading at Rs. 902.10, up by 10.40 points or 1.17% from its previous closing of Rs. 891.70 on the BSE.
The scrip opened at Rs. 895.40 and has touched a high and low of Rs. 905.70 and Rs. 886.35 respectively. So far 350619 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1179.05 on 30-Jul-2024 and a 52 week low of Rs. 622.00 on 30-Oct-2023.
Last one week high and low of the scrip stood at Rs. 939.60 and Rs. 886.35 respectively. The current market cap of the company is Rs. 332706.44 crore.
The promoters holding in the company stood at 42.58%, while Institutions and Non-Institutions held 36.94% and 20.49% respectively.
Tata Motors has signed a Memorandum of Understanding (MoU) with Indian Bank, one of India’s leading public sector banks. The bank will offer attractive financing solutions to Tata Motors commercial vehicle customers and authorised dealerships across the country.
The bank will offer customised financial packages with competitive interest rates and streamlined credit processing. This partnership will provide tailored financial solutions for the company’s entire commercial vehicle portfolio including LNG (Liquefied Natural Gas) and electric range of commercial vehicles. Tata Motors and Indian Bank will also significantly scale up their partnership on dealer financing.
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.
