Tata Sons ups stakes in group cos via block deals
(WorldNews Business)

Mumbai: In its efforts to have better control over its listed arms, Tata Sons - the holding company of the Tata Group - spent a little over Rs 3,200 crore (about $500 million) on Tuesday to increase its stakes in Tata Motors, Tata Chemicals and Tata Global Beverages. The stake purchases were though a series of block deals on the BSE, official data showed. According to disclosures on the BSE, Tata Sons spent Rs 1,634 crore to buy an additional 1.34% stake in Tata Motors, taking its total holding in the auto major to 32.4% now. The shares were bought through the open market route with multiple parties selling to Tata Sons. On Monday evening, the company had mandated Citigroup to spend about Rs...