Tata Sons buys 2% stake in Titan

Tata Sons, promoter of major operating companies of the Tata Group, has acquired 2.18 per cent stake in Titan Company at an estimated price of ₹460 crore. Tata Sons acquired the stake from Tata Steel, according to bulk deal data on the BSE. The deal was stuck at ₹329.35 a share. The stock of Titan closed at ₹328.15 on the BSE, while Tata Steel, which came out with results on Tuesday, fell 5.46 per cent at ₹246.90.