/ Tata Global Beverages Inches Up, To Sell Stakes In Tata Group Companies ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 12 July 2017

Tata Global Beverages soared 2.43% at Rs 173.00 per share during pre-lunch hours on Wednesday.

Tata Global Beverages has decided to sell its stake in various Tata Group listed companies to its parent, Tata Sons, reported a leading business daily.

TGBL owns close to Rs 755 crore worth of stakes in other Tata Group firms, especially in Tata Chemicals, the report said.

The stock also traded at a new 52-weeks high of Rs 174.65 per share on BSE.

On NSE, the stock attracted a traded value of 11,551.03 lakh and traded volume of 66,84,238 shares.

The company has been maintaining a dividend payout of 40.14%.

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