Tata Sons revokes 41 lakh pledged shares of Tata Motors

Tata Sons, the promoter group company of Tata Motors, has revoked 41 lakh equity shares of the auto maker pledged by it with lenders.

Tata Sons, the promoter group company of Tata Motors, has revoked 41 lakh equity shares of the auto maker pledged by it with lenders.

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After the revocation by Tata Sons, the number of pledged shares of Tata Motors has come down to 4,40,00,000 crore, which constitute 9.64 per cent of the total outstanding shares of the company, Tata Motors said in a disclosure on the Bombay Stock Exchange.

As on June quarter, Tata Sons held a 72.86 per cent stake or 4,67,61,108 shares of Tata Motors.

Tata Motors on Monday closed at Rs 423.55 on the BSE, up 0.73 per cent from previous close.