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Tata Sons increases stake in Tata Motors to restore investor faith

In the quarter that ended in December (Q3), Tata Motors reported a loss of Rs 26,961 crore

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Satish Borwankar, the company's COO, also saw a sharp reduction in his allowances to Rs 1.3 million from Rs 8.2 million

Last Updated : Feb 19 2019 | 7:51 AM IST

Tata Sons has bought 11.8 million shares of Tata Motors in tranches from last Monday to Friday, according to block deal data. The transaction — the second one in less than a year — is seen as an effort to restore investor faith in the company following a dismal performance by its UK subsidiary, Jaguar Land Rover Automotive.

ALSO READ: Market punishes Tata Motors after record loss in Q3; shares fall 30%

In the quarter that ended in December (Q3), Tata Motors reported a loss of Rs 26,961 crore. The non-cash loss, the biggest ever reported by

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