/ Tata Steel Divests From JV Company, Stock At 52-Week High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 12 July 2017

Tata Steel, in a BSE filing post market hours on Tuesday, said that the company has divested its entire equity stake in a 50% joint venture company Tata Elastron S.A. to Elastron S.A.

The stock of Tata Steel touched a 52-week high of Rs 561.95, gaining 1% in the early morning trade on Wednesday.

The company has entered into an agreement for stake sale on July 10 and received Euro 0.368 million from the divestment of stakes.

Tata Steel was trading at Rs 558.30, up by Rs 1.25 or 0.22% as at 1049 hours on Wednesday, on the BSE. The stock had hit an intraday high of Rs 561.95.

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