Tata Motors, Tata Steel down up to 2% after a huge block deal

Tata Motors and Tata Steel were down 1%-2%, while Himatsingka Seide rallied 12% in intra-day trade.

Huge block deals were executed on Tata Motors and Himatsingka Seide counters on the BSE in Friday's trade.

Tata Motors saw 83.6 million shares or 2.85% of total equity of Tata Group Company exchanging hands on the BSE.

Tata Steel last week on Saturday informed the stock exchanges that the company proposed to sell 83.6 million equity shares of Tata Motors to Tata Sons on or after June 23. These shares of the automaker are valued at Rs 3,787 crore, at the market price of Rs 453.1 a share on the BSE at 09:15 am.

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