Tata AIG Life Insurance, a promoter group company of Tata Steel, has purchased 10,900 shares of the steel maker for about Rs 50.84 lakh.
However, the total shareholding of Tata AIG Life Insurance will remain at 0.23%, as it used to hold earlier, Tata Steel said in a filing to BSE.
It added that the shares were purchased in four tranches on March 14 through open market.
Tata Steel shares were being quoted at Rs 450 apiece on the BSE at 1310 hours, down 0.96% from the previous close.