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Stocks

LIC of India increases stake in Tata Motors to 7.01%

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Tata Motors

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Tata Motors is India’s largest automobile company part of the Tata Group. Its products include passenger cars, trucks, vans, coaches, buses, construction equipment and military vehicles. It is the world’s 17th-largest motor vehicle manufacturing company, fourth-largest truck manufacturer, and second-largest bus manufacturer by volume.

The company exports vehicles to more than 50 countries. Its Cars, buses and trucks roll out at 20 locations across the world – seven in India and the rest in the UK, South Korea, Thailand, South Africa and Indonesia.

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LIC of India owning 6.90% or 199,144,257 shares purchased 3,285,210 equity shares representing 0.11% thereby bringing their new holding to 202,429,467 shares or 7.01%.

Tata Motors Share Price May 2016

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