Tata stake buy lifts Pritish Nandy stock 10%
March 15, 2021
Ratan Tata, Chairman Emeritus, Tata Sons - K.V.S. GIRI×
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The shares of Pritish Nandy Communications were up nearly 10 per cent on Monday after it announced that Ratan Tata, Chairman Emeritus of Tata Sons and Tata Trusts, has acquired a stake in the company.
It closed at an intra-day high of ₹23.50 on the BSE, up ₹2.10 or 9.81 per cent. It opened at ₹21.75 as against the previous close of ₹21.40. The company’s shares were locked in their 10 per cent upper circuit limit on the NSE at ₹23.55, up ₹2.10 or 9.79 per cent.
Tata, who is known to invest in start-ups and technology companies, invested an undisclosed amount in the media company in his “personal capacity.”