 "TATA")
Tata Sons, the holding company of Tata Group, plans to acquire a 12.65 per cent stake in Tata AutoComp Systems (Taco) for Rs 2,122 crore from Tata Capital at an equity valuation of Rs 16,800 crore, according to Tata Capital’s filings.
Currently, Tata Sons holds a 40 per cent stake in the auto components firm Taco, while Tata Motors owns 26 per cent. The rest of the stake is held by other Tata companies. An email sent to Tata Group on Friday did not elicit any response.
The transaction is expected to be completed before the end of the ongoing
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