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Tata Sons To Buy Out Group Stake In Elxsi

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Our Corporate Bureau BUSINESS STANDARD

Tata Sons, the holding company of the Rs 49,000 crore Tata group, is acquiring the entire Tata group stake in information technology (IT) arm Tata Elxsi.

It will buy the entire 18.98 per cent held by Tata Industries, the original promoter of Tata Elxsi, at Rs 80 per share. The total outgo for Tata Sons will be over Rs 47 crore.

With this deal, Tata Sons

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First Published: Mar 14 2003 | 12:00 AM IST

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