Tata Chemicals surges 13% in two days after Tata Sons hikes stake

On December 2, 2020, Tata Sons purchased 1.8 million equity shares, representing 0.71 per cent equity, of Tata Chemicals at price of Rs 420.92 per share on the NSE via bulk deal

Shares of Tata Chemicals rallied 7 per cent to hit a new high of Rs 456 on the National Stock Exchange (NSE) on Thursday, surging 13 per cent in the past two days after the promoter company, Tata Sons, bought 1.8 million shares of the company for Rs 76 crore via open market.

On Wednesday, December 2, 2020, Tata Sons purchased 1.8 million equity shares, representing 0.71 per cent equity, of Tata Chemicals at price of Rs 420.92 per share on the NSE via bulk deal, the exchange data shows. The names of the sellers were not ascertained immediately.