In a BSE filing, the Mumbai-based firm said, “it has on August 11, 2015 sold 1,93,87,920 shares (2.18 percent) of Titan Company Limited to Tata Sons Limited through a market sale for a net consideration of Rs 637.46 crore."
     
While presenting its June quarter results, Tata Steel said in a statement, "Tata Steel continues its strategy of monetising non-core assets and has raised about Rs 1,000 crore during the quarter by selling a part of its equity portfolio."
     
In an analyst call yesterday, Tata Steel Group Executive Director (Finance and Corporate) Koushik Chatterjee said the company in the last 5-6 years has raised around Rs 15,000 crore through the monetisation of strategic, non-core and listed assets.
     
The Mumbai-based steel giant had posted a net profit of Rs 337.33 crore in the corresponding quarter of last fiscal.

 

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