Tata Sons has bought the 0.07 per cent stake in Tata Steel sold by fellow promoter group company Kalimati Investments.
The holding company of the Tata group bought 6,71,455 shares of Tata Steel through an open market purchase on March 3, for Rs 31.35 crore.
The average price for Tata Sons works out to be Rs 466.9 a share. With this Tata Sons' stake in Tata Steel increased to 29.75 per cent.
raghavendrarao@thehindu.co.in