Tata Sons has emerged with a 28.94 per cent stake in Tata Motors, up from 21.91 per cent three months back, even as institutions, public and foreign corporates have sold their stock.
This takes the total promoter shareholding in Tata Motors to 41.78 per cent, up from 33.34 per cent three months back.
Public institutions now hold 21.35 per cent, down from 27.26 per cent in September. Retail shareholding is down from 10.91 per cent to 10.70 per cent in the same period. The company said that the hike is an indirect result the company’s Rs 4,145.8 crore rights issue. “The promoter group picked up what the public and retail shareholders did not from the rights issue,” said the Tata Motors spokesperson.