Pledged shares of Tata Group firms released: Filings

By: |
March 31, 2021 3:34 PM

Tata Power Company also informed bourses that 1,77,39,505 shares out of its 3,87,71,375 shares pledged to Centbank have been released upon redemption of debentures.

Tata Steel said 75,60,000 of its shares pledged to Centbank by Tata Sons were released.

Several Tata Group firms, including TCS, Tata Steel and Tata Motors, have disclosed that some quantum of their shares pledged by holding entity Tata Sons have been released.

Tata Consultancy Services (TCS) in a regulatory filing said 6,69,71,840 of its shares pledged to Centbank Financial Services by Tata Sons were released upon redemption of debentures.

Tata Sons had pledged 7,96,04,930 shares of TCS aggregating to 2.15 per cent of the total share capital of the company. Following the release, only 1,26,33,090 shares, amounting to 0.34 per cent of the total share capital remain pledged, it added.

In a similar filing, Tata Steel said 75,60,000 of its shares pledged to Centbank by Tata Sons were released. Total 1,39,80,000 shares of the company (1.16 per cent of total share capital) were pledged. After the event, 64,20,000 shares, amounting to 0.53 per cent of the total share capital remain pledged.

Likewise, Tata Motors said 2,36,66,500 of its shares pledged to Centbank by the holding entity have been released. Tata Sons had pledged total 5,17,29,000 shares of Tata Motors and after the release 2,80,62,500 shares remain pledged.

In a separate regulatory filing, Tata Consumer Products Ltd said 48,39,200 of its shares out of 86,72,150 shares pledged to Centbank by Tata Sons were released upon redemption of debentures. After the release, 38,32,950 shares amounting to 0.42 per cent of the company’s total share capital remain pledged.

Tata Power Company also informed bourses that 1,77,39,505 shares out of its 3,87,71,375 shares pledged to Centbank have been released upon redemption of debentures.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Covid surge hits sugar demand
2Crypto exchange Bitex begins providing cryptocurrency investment disclosure following govt mandate
3P-notes investment drops to Rs 89,100 cr in March